Yunnan Metallurgical Group to issue CNY 850 million in bonds

(China Aluminium Network) China Knowledge reported that Yunnan Metallurgical Group Co Ltd will issue CNY 850 million worth of floating-rate bonds on the interbank bond market with a maturity of five years on January 5.

The company said in a statement that the bonds will be issued at face value and the coupon rate will be the benchmark one-year interest rate plus basic spread that will be determined during the process of bookbuilding.

Both value date and payment due date is January 6 and the to-be-issued bonds are tradable on January 9.

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