Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
Inner Mongolia Yuan Xing Energy to issue RMB 1 bln bonds

Jan. 13, 2012 (China Knowledge) - Inner Mongolia Yuan Xing Energy Co<000683>, principally engaged in the manufacture and sale of chemical and coal products, has announced plans to issue RMB 1 billion worth of corporate bonds with a maturity of five years on the interbank market starting from January 17 to January 18, sources reported.

Coupon rate will be in the range of 7.60% to 8.10%. The issuer plans to issue RMB 200 million of bonds via online and the remaining RMB 800 million of bonds via offline.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bonds AA and AA, respectively.

Ping An Securities, the securities arm of China's second-largest insurer, Ping An Insurance (Group) Co<601318><2318>, will be responsible for the unsecured bond issue.

RMB 200 million of the proceeds from the issuance will be used to repay bank loans and the remaining RMB 800 million is to replenish working capital, said the issuer.

The Shanghai-listed issuer's average net profit attributable to shareholders in 2008, 2009 and 2010 was RMB 373 million. The company's debt/asset ratio had reached 45.38% as of September 30, 2011.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved