By Marisa Wong
Morgantown, W.Va., July 16 – Yanzhou Coal Mining Co. Ltd. announced it issued RMB 1.5 billion of medium-term notes on July 11.
The three-year notes were priced at par to yield 4.89%.
Proceeds will be used to supplement working capital, repay bank loans and repay bonds.
Yanzhou is a Zoucheng, China-based coal mining company.
| Issuer: | Yanzhou Coal Mining Co. Ltd.
|
| Issue: | Medium-term notes, 2018 first tranche
|
| Amount: | RMB 1.5 billion
|
| Maturity: | July 13, 2021
|
| Coupon: | 4.89%
|
| Price: | Par
|
| Yield: | 4.89%
|
| Settlement date: | July 11
|
| Rating: | China Chengxin International Credit Rating Co. Ltd.: AAA
|
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