Lumena's $250 million five-year notes talked at 12¼% area, pricing Wednesday

By Christine Van Dusen and Paul A. Harris

Atlanta, Oct. 20 - China's Lumena Resources Corp. set price talk for its $250 million offering of five-year global notes (B1/BB-) at the 12¼% area, according to an informed source.

Pricing is expected Wednesday.

The joint bookrunners for the Rule 144A and Regulation S deal are BOC International, Credit Suisse and Deutsche Bank Securities Inc.

The notes are non-callable for three years.

Proceeds will be used to repay an approximately $123 million loan from BOC, to fund capital expenditures and for general corporate purposes.

Lumena is a miner, processor and manufacturer of thenardite products and is based in Chengdu, China.

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