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Hesteel to issue 1.5B yuan in bonds for loan payments
Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019
Essential Metals & Mining Insights - September 2020
Essential Metals & Mining Insights - August 2020
State of the Market: Mining Q2-2020
Hbis Co. Ltd., or Hesteel, will issue a bond offering of up to 1.5 billion Chinese yuan on Dec. 11 to repay its loans.
The interest rate of the notes will be fixed at between 3.4% and 4.9%, with maturity of the bonds set at five years.
China Chengxin Securities Ratings Co. Ltd. had affirmed an AAA rating for the issuance.
China Development Bank Securities Co., Ltd. will serve as the lead underwriter for the debt offering.
As of Dec. 6, US$1 was equivalent to 7.04 Chinese yuan.