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Inner Mongolia Eerduosi to issue RMB 1.7 bln MTN

Apr. 10, 2012 (China Knowledge) - Inner Mongolia Eerduosi Resources Co<600295><900936>, principally engaged in coal, electricity and metallurgy business, has announced plans to issue RMB 1.7 billion worth of notes with a maturity of five years on the interbank market on Apr.12.

Coupon rate will be determined in the process of bookbuilding. Both value date and payment due date is Apr. 13, and the to-be-issued notes tradable on Apr. 16.

Proceeds from the issue will be used to repay bank loans and replenish working capital, said the issuer.

Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.

China Construction Bank<601939><0939> has been assigned as the lead underwriter and bookrunner. China Minsheng Banking<600016> will be the joint lead underwriter.

This will be the issuer's first medium-term note this year.

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