China Molybdenum seeks to increase overseas bonds to $1 billion

By Marisa Wong

Morgantown, W.Va., May 17 – China Molybdenum Co., Ltd. is seeking an increase to the amount of overseas bonds it is authorized to issue.

The company is proposing to increase its overseas bond issuance program to $1 billion. Previously, the company was authorized to issue up to €500 million of overseas bonds.

The proposed increase is subject to shareholders’ approval at an upcoming meeting.

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

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