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Yunnan Tin planning up to 1.5B yuan debt financing

Yunnan Tin Co. Ltd. intends to undertake debt financing of up to 1.5 billion Chinese yuan for working capital.

The company said the nonpublic issuance will be completed through one or several phases.

The maturity will be set at no more than three years, but the interest rate has yet to be determined.

Hua Xia Bank Kunming Branch is the underwriter of the offering.

As of Dec. 26, US$1 was equivalent to 6.89 Chinese yuan.