New Issue: China’s Zhaojin Mining prices $300 million 5½% notes due 2022 at par

By Rebecca Melvin

New York, Feb. 27 – Zhaojin Mining Industry Co. Ltd. priced $300 million of 5½% notes due 2022 (rating: //BB) at par, according to an announcement on Wednesday.

The notes were issued by Zhaojin Mining International Finance Ltd., a wholly owned subsidiary of Zhaojin Mining.

Bookrunners of the Regulation S issue, for which plans were originally announced Oct. 18, were Credit Suisse Securities (Europe) Ltd., Zhongtai International Securities Ltd., Standard Chartered Bank, China Citic Bank International Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Industrial Bank Co., Ltd. Hong Kong Branch, Silk Road International Capital Ltd., CCB International Capital Ltd., Central Wealth Securities Investment Ltd., China Securities (International) Corporate Finance Co. Ltd., CMB International Capital Ltd., Fosun Hani Securities Ltd., Ping An of China Securities (Hong Kong) Co. Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch and UBS AG Hong Kong Branch.

Proceeds of the deal will be used to repay debt and for general corporate purposes.

The gold mining company is based in Zhaoyuan, China.

Issuer:	Zhaojin Mining International Finance Ltd.
Guarantor:	Zhaojin Mining Industry Co. Ltd.
Issue:	Notes
Amount:	$300 million
Maturity:	March 1, 2022
Bookrunners:	Credit Suisse Securities (Europe) Ltd., Zhongtai International Securities Ltd., Standard Chartered Bank, China Citic Bank International Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, Industrial Bank Co., Ltd. Hong Kong Branch, Silk Road International Capital Ltd., CCB International Capital Ltd., Central Wealth Securities Investment Ltd., China Securities (International) Corporate Finance Co. Ltd., CMB International Capital Ltd., Fosun Hani Securities Ltd., Ping An of China Securities (Hong Kong) Co. Ltd., Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch and UBS AG Hong Kong Branch
Coupon:	5½%
Price:	Par
Yield:	5½%
Pricing date:	Feb. 26
Settlement:	March 1
Distribution:	Regulation S

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