China Molybdenum to issue RMB 5 billion short- and medium-term debt

By Marisa Wong

Morgantown, W.Va., Sept. 23 – China Molybdenum Co., Ltd. said it has registered to issue RMB 4 billion of medium-term notes and RMB 1 billion of short-term financing instruments.

The registration is valid for a period of two years. The first tranche of each type of security is to be completed within two months.

Bank of China Ltd. and Industrial and Commercial Bank of China Ltd. will act as joint underwriters for the medium-term notes, and China Merchants Bank Co., Ltd. will act as underwriter for the short-term debt.

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

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