New Issue: China Molybdenum prices $300 million 5.48% three-year bonds at par

By Wendy Van Sickle

Columbus, Ohio, Jan. 28 – China Molybdenum Co., Ltd. priced $300 million of 5.48% three-year bonds at par on Monday, according to a notice.

The bonds will be issued via the company’s CMOC Capital Ltd. subsidiary.

Standard Chartered Bank, Industrial Bank, China Everbright, China Minsheng, Ping An China Securities, Bank of China, CMB International, CNCB HK Capital, Yuanyin Securities, Haitong International and Orient Securities (Hong Kong) were the joint underwriters for the Regulation S offering.

Proceeds will be used for general corporate purposes and to refinance existing debt.

China Molybdenum is a Luoyang, China, molybdenum and tungsten producer.

Issuer:	CMOC Capital Ltd.
Guarantor:	China Molybdenum Co., Ltd.
Issue:	Bonds
Amount:	$300 million
Maturity:	Feb. 1, 2022
Underwriters:	Standard Chartered Bank, Industrial Bank, China Everbright, China Minsheng, Ping An China Securities, Bank of China, CMB International, CNCB HK Capital, Yuanyin Securities, Haitong International and Orient Securities (Hong Kong)
Coupon:	5.48%
Price:	Par
Yield:	5.48%
Call:	Make-whole call
Change-of-control put:	At 101%
No-registration-event put:	At par
Pricing date:	Jan. 28
Settlement date:	Feb. 1
Distribution:	Regulation S

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