By Marisa Wong
Morgantown, W.Va., March 21 – China Molybdenum Co., Ltd. said it issued RMB 2 billion of 4.22% five-year notes on Monday.
Bank of China Ltd. and China Merchants Bank Co., Ltd. were the joint underwriters.
This is China Molybdenum’s first tranche of medium-term notes for 2016.
The company said it previously registered to issue RMB 4 billion of medium-term notes.
Proceeds from the first tranche will be used to repay bank loans and replenish working capital.
China Molybdenum is a Luoyang, China, molybdenum and tungsten producer.
| Issuer: | China Molybdenum Co., Ltd.
|
| Issue: | Medium-term notes, 2016 first tranche
|
| Amount: | RMB 2 billion
|
| Maturity: | March 21, 2021
|
| Coupon: | 4.22%
|
| Underwriters: | Bank of China Ltd. and China Merchants Bank Co., Ltd.
|
| Settlement date: | March 21
|
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