By Marisa Wong
Los Angeles, May 23 – Yankuang Energy Group Co. Ltd. issued RMB 3 billion of notes at par on May 20, according to a company announcement on Monday.
The notes consist of two types, according to a notice. Type 1 notes have an initial term of three years and bear interest at 3.28%, and type 2 notes have an initial term of five years and carry a coupon of 3.71%.
Each coupon reset date is a par call date.
China Merchants Bank Co., Ltd. is the bookrunner and lead underwriter, and Postal Savings Bank of China Co., Ltd. is joint lead underwriter.
The company had initially proposed to issue between RMB 2 billion and RMB 3 billion of the 2022 first tranche medium-term notes.
The coal and coal chemical company is based in Jining, China.
| Issuer: | Yankuang Energy Group Co. Ltd.
|
| Amount: | RMB 3 billion
|
| Issue: | Medium-term notes, 2022 first tranche
|
| Underwriters: | China Merchants Bank Co., Ltd. (bookrunner and lead underwriter); Postal Savings Bank of China Co., Ltd. (joint lead underwriter)
|
| Price: | Par of RMB 100
|
| Call option: | At par on coupon reset date
|
| Settlement date: | May 20
|
|
|
| Type 1 notes
|
| Maturity: | Three years, with extension option
|
| Coupon: | 3.28%, may be reset
|
|
|
| Type 2 notes
|
| Maturity: | Five years, with extension option
|
| Coupon: | 3.71%, may be reset
|
|
|
© 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.
