trending Market Intelligence /marketintelligence/en/news-insights/trending/4xkkljznvguh9r1cxcdu8q2 content esgSubNav
In This List

Minmetals to issue US$200M of senior perpetual capital securities

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


Minmetals to issue US$200M of senior perpetual capital securities

Excel Capital Global Ltd., a subsidiary of Minmetals Land Ltd., is issuing US$200.0 million of 7.0% senior perpetual capital securities at 100.0% of their principal amount on or about May 17.

Proceeds from the offering will be used to refinance Minmetals' existing debt and for general corporate purposes. The securities will be listed on the Hong Kong stock exchange on or about May 18 and will only be issued by way of debt issues to professional investors, the local diversified developer said in a filing.

The May 10 subscription agreement was signed between Excel Capital, Minmetals and joint lead managers Deutsche Bank AG Hong Kong branch, UBS AG Hong Kong branch, Morgan Stanley & Co. International plc, BOCI Asia Ltd., Haitong International Securities Co. Ltd., CLSA Ltd., United Overseas Bank Ltd. and Orient Securities (Hong Kong) Ltd.