By Marisa Wong
Madison, Wis., Nov. 18 – Yanzhou Coal Mining Co. Ltd. has issued RMB 1 billion of perpetual financing instruments, according to a 6-K filing with the Securities and Exchange Commission.
The company priced the bonds at par with a fixed coupon of 6.8%.
The bonds are non-callable during the first three years.
Bank of China Ltd. is the lead underwriter.
The coal production, processing, marketing and transportation company is based in Zoucheng, China.
| Issuer: | Yanzhou Coal Mining Co. Ltd.
|
| Issue: | Perpetual financing instruments
|
| Amount: | RMB 1 billion
|
| Maturity: | Perpetual
|
| Coupon: | 6.8%
|
| Price: | Par
|
| Yield: | 6.8%
|
| Call option: | Non-callable for first three years
|
| Underwriter: | Bank of China Ltd.
|
| Settlement date: | Nov. 18
|
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