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Jining Mining Industry to issue RMB 500 mln MTN

Oct. 31, 2012 (China Knowledge) - Jining Mining Industry Group Co Ltd has announced it will issue RMB 500 million in medium-term notes with a maturity of five years in the interbank market on Nov 7.

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 Nov 8, and the to-be-issued notes tradable Nov 9.

All the proceeds from the issue will be used to repay bank loans, 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><1988> has been hired as lead underwriter and bookrunner for the offering.







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