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Zijin Mining raises 500M yuan through short-term bond issuance

Zijin Mining Group Co. Ltd. said Oct. 21 that it raised 500 million Chinese yuan through a short-term debt issuance.

The company said the bonds were issued on Oct. 18 with a fixed interest rate of 2.65%.

The maturity of the notes was set at 270 days.

China Merchants Bank Co., Ltd. served as the underwriter and book runner for the issuance.

As of Oct. 21, US$1 was equivalent to 7.08 Chinese yuan.