China Molybdenum eyes short- and medium-term debt, overseas bonds

By Marisa Wong

Madison, Wis., April 29 – China Molybdenum Co., Ltd. is proposing mandates to issue one or more tranches of short-term financing instruments, medium-term notes and overseas bonds.

The company is proposing up to RMB 3 billion of short-term instruments, medium-term notes with an aggregate principal amount not exceeding 40% of its audited consolidated net assets and up to €500 million, or the equivalent in other currencies, of overseas bonds.

The issuances are subject to shareholders’ approval at an upcoming general meeting.

The molybdenum and tungsten producer is based in Luoyang, China.

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