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China's Yanzhou Coal eyes perpetual tenor for dollar benchmark notes
By Christine Van Dusen
Atlanta, May 14 - China's Yanzhou Coal Mining Co. Ltd. set the tenor at perpetual for its upcoming issue of dollar-denominated and benchmark-sized notes (Ba1//BB), according to a company filing.
Deutsche Bank, UBS and Credit Suisse are the bookrunners for the Regulation S deal.
The proceeds will be on-lent to the company's subsidiaries for the repayment of debt, for capital expenditures, for working capital and for general corporate purposes.
The notes are expected to price during the May 12 week.
The coal production, processing, marketing and transportation company is based in Zoucheng, China.
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