China’s Zijin Mining plans dollar-denominated notes offering

By Rebecca Melvin

New York, Oct. 5 – Zijin Mining Group Co Ltd. is planning to issue U.S. dollar-denominated guaranteed senior notes (Baa3/BBB-), subject to market conditions and investor interest, according to a company filing.

Fixed-income investor meetings are slated to begin on Monday for the Regulation S notes.

Global coordinators and bookrunners are Bank of China, Standard Chartered Bank, China Citic Bank International, China Construction Bank, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB International, Essence International, ICBC (Asia), Industrial Bank Co., Ltd. Hong Kong Branch and OCBC Bank.

Proceeds will be used for overseas business development and repayment of offshore debt.

Application will be made to the Hong Kong Stock Exchange for listing of the notes.

Zijin Mining is engaged in mining, production, refining and sales of gold and other mineral resources in China.

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