trending Market Intelligence /marketintelligence/en/news-insights/trending/oqbimeqe1cmb2sn1frswma2 content esgSubNav
In This List

Kailuan Energy to launch 1.5B yuan bond repurchase


Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape


Essential IR Insights Newsletter Fall - 2023


Battery metals - unbated long term need for supply security despite short-term headwinds

Kailuan Energy to launch 1.5B yuan bond repurchase

Chinese coal producer Kailuan Energy Chemical Co. Ltd. plans to launch a bond repurchase program for the 1.5 billion Chinese yuan debt offering it issued in October 2014 on the Shanghai Stock Exchange.

While the issued notes have a six-year term, investors have the right to resell them to the company at the end of the fourth year, according to an Aug. 8 release.

Kailuan Energy said the repurchased debt, with an interest rate of 6.3%, will be paid out Sept. 26.

Shenzhen-based Pengyuan Credit Rating Co. Ltd. had assigned an AAA rating for the notes.

As of Aug. 7, US$1 was equivalent to 6.83 Chinese yuan.