By Christine Van Dusen
Atlanta, May 14 - China's Yanzhou Coal Mining Co. Ltd. priced a $300 million issue of 7.2% perpetual notes (Ba1//BB) at par to yield 7.2% according to a company filing.
Deutsche Bank, UBS and Credit Suisse were the bookrunners for the Regulation S deal.
The proceeds will be on-lent to the company's subsidiaries for the repayment of debt, capital expenditures, working capital and for general corporate purposes.
The coal production, processing, marketing and transportation company is based in Zoucheng, China.
| Issuer: | Yanzhou Coal Mining Co. Ltd.
|
| Amount: | $300 million
|
| Maturity: | Perpetual
|
| Description: | Notes
|
| Bookrunners: | Deutsche Bank, UBS, Credit Suisse
|
| Coupon: | 7.2%
|
| Price: | Par
|
| Yield: | 7.2%
|
| Trade date: | May 16
|
| Settlement date: | May 22
|
| Ratings: | Moody's: Ba1
|
| Fitch: BB
|
| Distribution: | Regulation S
|
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