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Metallurgical Corp. of China plans up to $500 million five-year notes
By Paul A. Harris
Portland, Ore., July 12 - MCC Holding (Hong Kong) Corp. Ltd. began a roadshow on Wednesday for an offering of up to $500 million of five-year senior notes (Baa2/BBB-/), according to a market source.
Morgan Stanley, HSBC, Barclays Capital and Goldman Sachs are the underwriters.
Proceeds will be used for working capital, to refinance short-term loans, for capital expenditures and for general corporate purposes in the company's overseas operations.
The issuer is a subsidiary of Beijing-based Metallurgical Corp. of China, an engineering contracting, resource development, equipment manufacturing and property development company.
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