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Zijin launches up to 4.5B yuan debt offering
Essential Metals & Mining Insights - August 2020
State of the Market: Mining Q2-2020
Report Outlooks of Lithium and Cobalt
Essential Metals & Mining Insights July 2020
Zijin Mining Group Co. Ltd. on Oct. 12 said it will issue up to 4.5 billion Chinese yuan in debt Oct. 16 to increase its cash flow.
The offering was set at an initial 1.5 billion yuan, and the company can exercise an overallotment option of up to 3 billion yuan.
The maturity of the bonds will be three years, renewable for additional three-year periods, with an interest rate between 4.3% and 5.8%.
As of Oct. 11, US$1 was equivalent to 6.89 Chinese yuan.