By Marisa Wong
Madison, Wis., Sept. 5 – Zijin Mining Group Co., Ltd. said it carried out its first and second mid-term bond issues for 2014 on Wednesday and Thursday. The issues totaled RMB 2.5 billion, according to a company announcement.
Industrial and Commercial Bank of China Ltd. and Industrial Bank Co., Ltd. were the underwriters for the first batch, totaling RMB 1.5 billion, and Bank of China Ltd. and China Development Bank Corp. were the underwriters for the second batch, totaling RMB 1 billion.
Both tranches priced at par with a coupon of 5½% and a maturity of five years.
Settlement occurred on Friday.
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
|
| Settlement date: | Sept. 5
|
|
|
| First batch
|
| Amount: | RMB 1.5 billion
|
| Maturity: | Five years
|
| Underwriters: | Industrial and Commercial Bank of China Ltd. and Industrial Bank Co., Ltd.
|
| Coupon: | 5½%
|
| Price: | Par
|
| Yield: | 5½%
|
|
|
| Second batch
|
| Amount: | RMB 1 billion
|
| Maturity: | Five years
|
| Underwriters: | Bank of China Ltd. and China Development Bank Corp.
|
| Coupon: | 5½%
|
| Price: | Par
|
| Yield: | 5½%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
