Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Company - Domestic
 Search News  Or
Metallurgical Corp of China to issue RMB 4 bln in 270-day bills

Jul. 17, 2012 (China Knowledge) - Metallurgical Corp of China Ltd<601618><1618> or MCC, the country's leading mining and smelting operator, announced that it plans to issue RMB 4 billion in super short-term bills with a maturity of 270 days on the interbank market tomorrow.

According to a statement, the power company said that the bills will be issued at the face value, and the coupon rate will be determined in the process of book-building.

Both value date and payment due date is set on Jul. 19 and the to-be-issued bills tradable Jul. 20.
 
Bank of Communications<601328><3328> has been assigned as lead underwriter and book-runner, and CITIC Securities Co<600030><6030> will be the joint lead underwriter for the offering.
 
Proceeds from the deal will be used to repay bank loans.
 
This will be the first super short-term bills issued by the company this year.

In the first three months of this year, the company's net profit fell 27.81% YoY to RMB 863.39 million, while its core business revenue climbed 4.28% to RMB 44.85 billion.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

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

 E-Store

 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