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Published on 11/18/2010 in the Prospect News Emerging Markets Daily.

New Issue: China's Metallurgical sells RMB 4.7 billion 4.72% five-year medium-term notes at par

By Marisa Wong

Madison, Wis., Nov. 18 - Metallurgical Corp. of China Ltd. said it issued a RMB 4.7 billion tranche of medium-term notes.

The five-year notes were issued at par of RMB 100 each to yield 4.72%.

The joint lead underwriters for the notes are Bank of Communications Co., Ltd. and Agricultural Bank of China Ltd.

Metallurgical is a Beijing engineering contracting, resource development, equipment manufacturing and property development company.

Issuer:Metallurgical Corp. of China Ltd.
Issue:Medium-term notes
Amount:RMB 4.7 billion
Maturity:Five years
Coupon:4.72%
Price:Par of RMB 100
Yield:4.72%
Underwriters:Bank of Communications Co., Ltd. and Agricultural Bank of China Ltd.
Pricing date:Nov. 15
Settlement date:Nov. 17

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