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Published on 3/3/2020 in the Prospect News Emerging Markets Daily.

New Issue: China Minmetals prices $1 billion of perpetual capital securities

By Rebecca Melvin

New York, March 3 – Minmetals Bounteous Finance (BVI) Ltd. has priced $1 billion senior perpetual capital securities, according to a regulatory announcement.

The securities are guaranteed by China Minmetals Corp.

BOC International, Deutsche Bank, DBS Bank Ltd., ICBC and JPMorgan are the joint global coordinators, joint lead managers and joint bookrunners for the Regulation S deal.

The issuer is based in Beijing.

Issuer:Minmetals Bounteous Finance (BVI) Ltd.
Guarantor:China Minmetals Corp.
Amount:$1 billion
Description:Perpetual capital securities
Maturity:Perpetual
Bookrunners:BOC International, Deutsche Bank, DBS Bank Ltd., ICBC and JPMorgan
Listing date:March 4
Distribution:Regulation S

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