May. 15, 2012 (China Knowledge) - Luoyang Mining Group Co announced today that it plans to issue RMB 500 million worth of unsecured medium-term notes with a maturity of three years on the interbank market on May 22.
The company said in a statement that the notes will be issued at face value and coupon rate will be determined in the process of book-building.
Both value date and payment due date is May 23, and the to-be-issued notes tradable on May 24.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively. China
Guangfa Bank has been hired as book-runner and lead underwriter for the offering.