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Hangzhou Jinjiang Group's general manager Zhang Jianyang, vice general manager Sun Jiabin and their team had attended the SECOND BELT AND ROAD FORUM FOR INTERNATIONAL COOPERATION, they also attended the signing ceremony of comprehensive strateg...
Domestic News
Miner's issue suggests Chinalco is getting a generous deal on bonds
- China Aluminium Network
- Post Time: 2009/4/17
- Click Amount: 510
Rio Tinto rival Anglo American has staged a bond issue that illustrates why stockholders in the former are concerned at the planned equity deal with Chinese investor Chinalco worth $US7.2bn ($A10bn). The terms for the Anglo capital sourcing are more favourable than the ones in the Rio proposal, despite both enjoying the same credit rating of "BBB". Investor unrest was evident at the stockholders' meeting in the UK on 16 April 2009, although the shares closed $A0.70 higher at $A58.05 on the day.
Source: Trading Markets
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