By Marisa Wong
Madison, Wis., Oct. 25 - Zijin Mining Group Co. Ltd. priced two batches of mid-term bonds totaling RMB 2.5 billion on Tuesday, according to a company notice.
The first batch, totaling RMB 1.5 billion, has a term of five years and a coupon of 5.7%.
The second batch, totaling RMB 1 billion, also has a term of five years and a coupon of 5.7%.
Industrial and Commercial Bank of China Ltd. and Industrial Bank Co., Ltd. are the underwriters for the first batch, and Bank of China Ltd. and China Development Bank Corp. are the underwriters for the second batch.
The bonds settled on Thursday.
In September China's National Association of Financial Market Institutional Investors approved the registration of two tranches of mid-term bonds sized at RMB 4 billion and RMB 6 billion.
Shareholders approved the mid-term bonds in May.
The state owned gold and copper mining group is based in Xiamen, China.
| Issuer: | Zijin Mining Group Co. Ltd.
|
| Issue: | Mid-term bonds
|
| Amount: | RMB 2.5 billion
|
| Pricing date: | Oct. 22
|
| Settlement date: | Oct. 24
|
|
|
| First batch 2013
|
| Amount: | RMB 1.5 billion
|
| Maturity: | Five years
|
| Coupon: | 5.7%
|
| Underwriters: | Industrial and Commercial Bank of China Ltd. and Industrial Bank Co., Ltd.
|
|
|
| Second batch 2013
|
| Amount: | RMB 1 billion
|
| Maturity: | Five years
|
| Coupon: | 5.7%
|
| Underwriters: | Bank of China Ltd. and China Development Bank Corp.
|
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