China’s Zhaojin Mining plans up to RMB 1.5 billion corporate bonds

By Susanna Moon

Chicago, Oct. 10 – Zhaojin Mining Industry Co. Ltd. plans to price up to RMB 1.5 billion of corporate bonds in China.

The bonds will be issued in one or more tranches with terms of up to 10 years, according to a company announcement.

They may be single-term bonds or multiple-term hybrids, the release added.

Proceeds will be used to replenish liquidity, to repay borrowings and to pay project investment expenses.

The proposed issuance requires shareholder approval at a meeting set for Oct. 29.

The gold mining company is based in Zhaoyuan, China.

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