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Yunnan Metallurgical Group to issue RMB 800 mln bills

Sep. 7, 2012 (China Knowledge) - Yunnan Metallurgical Group Co has said today that it will issue RMB 800 million in unsecured bills with a maturity of 365 days on the interbank market on Sep. 12.

The company said that the bills will be issued at face value, and the coupon rate determined in the process of book-building.

Both value and payment due date will be on Sep. 13, and the to-be-issued bills tradable Sep. 14.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AA+ and A-1, respectively.
China Merchants Bank<600036><3968> has been assigned as book-runner and lead underwriter for the offering.
This will be the first short-term bills issued by the company this year.
In the first quarter of this year, the company's net loss was RMB 133 million, and its operating revenue reached RMB 5.08 billion.

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