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Luoyang Mining Group to issue RMB 500 mln MTN

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.






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