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Shandong Energy Linyi Mining to issue RMB 500 mln notes

Sep. 14, 2012 (China Knowledge) - Shandong Energy Linyi Mining Group Co Ltd has said it will issue RMB 500 million in medium-term notes with a maturity of five years in the interbank market on Sep 18.

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

Both value and payment due date is set on Sep 19, and the to-be-issued notes tradable Sep 20.

RMB200 million of the proceeds from the issue will be used to repay bank loans, while the remaining RMB300 million to replenish working capital, said the issuer.

China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.

China Minsheng Banking Corp Ltd<600016><1998> has been hired as lead underwriter and book-runner.

This will be the issuer's second medium-term notes this year.







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