By Marisa Wong
Madison, Wis., Dec. 30 - China Aluminum International Engineering Corp. Ltd. (Chalieco) announced it issued RMB 2.5 billion of debt financing instruments on Dec. 26.
The instruments were issued in two tranches: RMB 500 million of one-year securities and RMB 2 billion of 270-day instruments. Both tranches have a coupon of 5½%.
These were the company's first two tranches of the RMB 5 billion non-public debt financing instruments registered earlier this month. The registration is valid for two years.
Industrial Bank Co., Ltd. is the lead underwriter for the debt financing instruments.
Proceeds from the first two tranches will be used to repay loans and supplement working capital.
The company is a Beijing-based technology, engineering service and equipment provider in the nonferrous metals industry.
| Issuer: | China Aluminum International Engineering Corp. Ltd.
|
| Issue: | Debt financing instruments
|
| Amount: | RMB 2.5 billion
|
| Maturities: | 365 days (RMB 500 million), 270 days (RMB 2 billion)
|
| Coupon: | 5½%
|
| Underwriter: | Industrial Bank Co., Ltd.
|
| Settlement date: | Dec. 26
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