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Yanzhou Coal Mining plans up to RMB 10 billion renewable bonds
By Susanna Moon
Chicago, May 20 – China’s Yanzhou Coal Mining Co. Ltd. said it plans to issue up to RMB 10 billion of renewable corporate bonds in one or more tranches.
The bonds will be issued at par of RMB 100, according to a company announcement.
Proceeds will be used for working capital and to repay interest-bearing debt.
Yanzhou is a coal company based in Zoucheng.
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