Inner Mongolia Eerduosi to issue CNY 1 billion MTN
China Knowledge reported that Inner Mongolia Eerduosi Resources Co principally engaged in coal, electricity and metallurgy business plans to issue CNY 1.7 billion worth of notes with a maturity of five years on the interbank market on April 12.
Coupon rate will be determined in the process of bookbuilding. Both value date and payment due date is April 13 and the to be issued notes tradable on April 16.
The issuer said proceeds from the issue will be used to repay bank loans and replenish working capital.
Coupon rate will be determined in the process of bookbuilding. Both value date and payment due date is April 13 and the to be issued notes tradable on April 16.
The issuer said proceeds from the issue will be used to repay bank loans and replenish working capital.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA and AA respectively.
China Construction Bank has been assigned as the lead underwriter and bookrunner. China Minsheng Banking will be the joint lead underwriter.
This will be the issuer first medium-term note this year.
Source - China Knowledge
(www.steelguru.com)
China Construction Bank has been assigned as the lead underwriter and bookrunner. China Minsheng Banking will be the joint lead underwriter.
This will be the issuer first medium-term note this year.
Source - China Knowledge
(www.steelguru.com)
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