Yunnan Aluminium to issue RMB 500 mln in financing bills

Shenzhen-listed Yunnan Aluminium Co Ltd<000807> will issue a first batch of one-year financing bills on Mar. 30, 2009, the official Xinhua News Agency reported.

RMB 500 million worth of financing bills will become tradable on Apr. 1, 2009. The value date will be Mar. 31. The yield will be determined in the process of book building, according to the company.

Both the payment date and the maturity date will be Mar. 31, 2010.

China Merchants Bank Co Ltd (CMB)<600036><3968> has been assigned as the major underwriter for the sale.

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