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Minmetals Capital Proposes 3 Billion Yuan Bond Issuance

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-- Minmetals Capital (SHA:600390) proposed to register the issuance of bonds worth up to 3 billion yuan, according to a Shanghai bourse filing on Saturday.

The issuance will be valid within 24 months after approval by regulators, while the bond will have a three-year term.

The Chinese metals and minerals company will use the proceeds to fund its technology innovation-related business, as well as supplement its working capital and pay debts.

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Minmetals Capital Proposes 3 Billion Yuan Bond Issuance | FINWIRES