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Yanzhou Coal raises 1.5B yuan through debt issuance

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Yanzhou Coal raises 1.5B yuan through debt issuance

China's Yanzhou Coal Mining Co. Ltd. raised 1.5 billion Chinese yuan through a short-term bond issuance on Jan. 8, according to a Jan. 10 statement.

The interest rate of the notes was fixed at 2.85% and the maturity of the bonds was set at 90 days.

Agricultural Bank of China Ltd. served as the lead underwriter and bookrunner for the issuance.

As of Jan. 9, US$1 was equivalent to 6.93 Chinese yuan.