By Marisa Wong
Morgantown, W.Va., March 11 – Zijin Mining Group Co., Ltd. announced it issued RMB 2.5 billion of three- and five-year bonds on Monday.
The company issued two types of bonds: RMB 1.5 billion of three-year type 1 bonds with a coupon of 3.8% and RMB 1 billion of five-year type 2 bonds with a coupon of 4.3%.
Both types of bonds were priced at par.
Industrial and Commercial Bank of China Ltd. acted as bookrunner and lead underwriter. China Construction Bank Corp. acted as joint lead underwriter.
This is the company’s first tranche of medium-term notes for 2019.
The state-owned gold and copper mining group is based in Xiamen, China.
| Issuer: | Zijin Mining Group Co., Ltd.
|
| Issue: | Medium-term notes, 2019 first tranche
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| Amount: | RMB 2.5 billion
|
| Underwriters: | Industrial and Commercial Bank of China Ltd. (lead), China Construction Bank Corp. (joint lead)
|
| Settlement date: | March 11
|
|
|
| Type 1 bonds
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| Amount: | RMB 1.5 billion
|
| Maturity: | March 11, 2022
|
| Coupon: | 3.8%
|
| Price: | Par
|
| Yield: | 3.8%
|
|
|
| Type 2 bonds
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| Amount: | RMB 1 billion
|
| Maturity: | March 11, 2024
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| Coupon: | 4.3%
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| Price: | Par
|
| Yield: | 4.3%
|
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