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China's Chalco raises $722 mln via 3-year notes
- China Aluminium Network
- Post Time: 2008/6/11
- Click Amount: 538
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HONG KONG, June 10 (Reuters)- Aluminum Corp of China Ltd , the country's largest producer of the metal, has raised 5 billion yuan selling three-year notes, less than the maximum of 10 billion yuan it had planned.
The firm , which is raising capital to bankroll an aggressive expansion domestically and potentially abroad, said in April it wanted to raise 3 billion to 10 billion yuan selling "medium-term bonds".
The notes carry an annual coupon of 5.3 percent, the company said in a statement. Bank of Communications Co Ltd was the lead underwriter for the issue.
Source: Reuters
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