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

Yancoal closes US$950M debt funding

Blog

Insight Weekly: Recession risk persists; Banks pull back from crypto; 2022 laggard stocks rally

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Podcast

Energy Evolution | A transition to cleaner energy drives demand for new nickel mines

Podcast

Energy Evolution | Looking ahead to the energy transition in 2023


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.