trending Market Intelligence /marketintelligence/en/news-insights/trending/7Kw_TCmN6yj2CyxYrz690g2 content esgSubNav
In This List

Yancoal closes US$950M debt funding

Blog

Global M&A By the Numbers: Q3 2021

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Insight Weekly Labor market recovery hurdles power market integration nonbank MA hunt

Blog

Q&A: Q2'21 Power Forecast: Overheated Power Markets are Here – Who Wins, Who Loses, and Why?


Yancoal closes US$950M debt funding

Yanzhou CoalMining Co. Ltd. unit YancoalAustralia Ltd. said April 1 that it has closed the US$950 milliondebt funding on March 31, after satisfying all conditions.

The financingwas announced in mid-February, and the company was issuing nine-year secureddebt bonds in two tranches with the first US$760 million installment receivedwith the closing. The remaining US$190 million will be transferred by Sept. 30.

The bonds were issued by a newly established and whollyowned subsidiary of Yancoal, which will hold its interest in the , and mines.

In early March, Yancoal said it would place its Donaldson coal operation on careand maintenance in June as a result of ongoing market challenges.