DJ Chinalco To Sell CNY10 Bln Bonds Until Tuesday

Aluminum Corp. of China, or Chinalco, said Wednesday it plans to sell CNY10 billion ($1.47 billion) worth of bonds between today and Tuesday next week.

The company said in a statement it will sell the bonds in two tranches: CNY8 billion worth of five-year bonds with a coupon of 3.8% and CNY2 billion worth of seven-year bonds with a coupon of 4.4%.

China International Capital Corp., China Development Bank Corp. and Ping An Securities Co. are the main underwriters of the deal, Chinalco said.

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