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Published on 7/26/2021 in the Prospect News Emerging Markets Daily.

New Issue: China’s Yanzhou Coal sells RMB 2 billion 3.8% five-year notes

By Marisa Wong

Los Angeles, July 26 – Yanzhou Coal Mining Co. Ltd. announced it issued RMB 2 billion of medium-term notes on Monday.

The five-year notes were priced at par with a coupon of 3.8%.

China Merchants Bank Co., Ltd. is the bookrunner and lead underwriter with Hua Xia Bank Co., Ltd. as joint lead underwriter.

Yanzhou is a Zoucheng, China-based coal mining company.

Issuer:Yanzhou Coal Mining Co. Ltd.
Issue:Medium-term notes, 2021 first tranche
Amount:RMB 2 billion
Maturity:July 26, 2026
Underwriters:China Merchants Bank Co., Ltd. (bookrunner and lead underwriter) and Hua Xia Bank Co., Ltd. (joint lead underwriter)
Coupon:3.8%
Price:Par
Yield:3.8%
Settlement date:July 26

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