By Marisa Wong
Morgantown, W.Va., March 22 – Zijin Mining Group Co., Ltd. announced it issued RMB 5 billion of five-year bonds on Monday.
The company sold RMB 3 billion of 2.99% type 1 bonds and RMB 2 billion of 3.37% type 2 bonds.
The company had offered RMB 1.5 billion bonds with an over-allotment up to RMB 3.5 billion.
Type 1 bonds will have a put option at the end of the third year, at which point the issuer may also adjust the coupon rate.
This is the company’s first tranche of corporate bonds for 2016. The company previously obtained approval from the China Securities Regulatory Commission to issue up to RMB 8 billion of corporate bonds.
The state-owned gold and copper mining group is based in Xiamen, China.
Issuer: | Zijin Mining Group Co., Ltd.
|
Issue: | Corporate bonds, 2016 first tranche
|
Amount: | RMB 5 billion
|
Maturity: | Five years
|
Settlement date: | March 21
|
|
Type 1
|
Amount: | RMB 3 billion
|
Coupon: | 2.99%, adjustable after three years
|
Put option: | At end of third year
|
|
Type 2
|
Amount: | RMB 2 billion
|
Coupon: | 3.37%
|
© 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.