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China’s Zhaojin Mining plans up to RMB 3 billion corporate bonds
By Marisa Wong
Morgantown, W.Va., May 23 – Zhaojin Mining Industry Co. Ltd. is proposing to issue up to RMB 3 billion of corporate bonds in China, according to a company announcement.
The bonds will be issued in one or more tranches with terms of up to 10 years.
Proceeds will be used to replenish liquidity, repay borrowings and pay project investment expenses.
The proposed issuance is subject to shareholders’ approval at an upcoming meeting as well as regulatory approval.
The gold mining company is based in Zhaoyuan, China.
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