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Yunnan Copper Industry Group to issue RMB 2 bln bills

Jun. 26, 2012 (China Knowledge) - Yunnan Copper Industry Group Co, the parent company of Yunnan Copper Co Ltd<000878>, has said that it plans to issue RMB 2 billion worth of unsecured short-term bills with a maturity of 365 days on the interbank market on Jun. 28.
Coupon rate will be determined in the process of book-building and the bills be issued at face value.

Both value date and payment due date is Jun. 29 and the to-be-issued bills tradable on Jul. 2.
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA+ and A-1, respectively.

China Minsheng Banking Corp Ltd<600016><1988> has been hired as book-runner and lead underwriter for the offering.

In the first quarter of this year, the group's net profit was RMB 334 million and its operating revenue was RMB 9.26 billion.

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