AI assistant
CMOC Group Limited — Capital/Financing Update 2016
Mar 21, 2016
50942_rns_2016-03-21_b29d850b-dfe6-430d-b878-9b51fe6b33d4.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
==> picture [452 x 82] intentionally omitted <==
(Stock Code: 03993)
RESULT OF THE ISSUANCE OF 2016 FIRST TRANCHE MEDIUM-TERM NOTES
This announcement is made by China Molybdenum Co., Ltd.* (the “ Company ”) pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rules 13.09(2) and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).
References are made to the circular of the Company dated 30 April 2015 and the announcements of the Company dated 23 September 2015, 28 June 2015 and 23 March 2015 relating to, among others, the proposed issuance of medium-term notes.
REGISTRATION OF THE MEDIUM-TERM NOTES
In accordance with the Notice of Acceptance for Registration (Zhong Shi Xie Zhu [2015] MTN No. 467) (the “ Notice ”) received by the Company from the National Association of Financial Market Institutional Investors (the “ NAFMII ”) on 23 September 2015, NAFMII accepted the registration of the Company’s proposed issuance of the medium-term notes in the principal amount of RMB4 billion (the “ Medium-term Notes ”). The registration would be valid for a period of 2 years from the date of the issuance of the Notice. Pursuant to the Notice, the Company may issue the Medium-term Notes in tranches. Bank of China Limited and China Merchants Bank Co., Ltd. would act as joint underwriters.
– 1 –
ISSUANCE OF THE MEDIUM-TERM NOTES
On 21 March 2016, the Company successfully issued the 2016 first tranche Medium-term Notes in the amount of RMB2 billion, for a term of 5 years (interest commencement date: 21 March 2016; maturity (redemption) date: 21 March 2021; coupon: 4.22%). The proceeds raised from the issue of the 2016 first tranche Medium-term Notes have been transferred to the account designated by the Company on 21 March 2016, and will be mainly used to repay a portion of the bank loans and replenish the working capital of the Company.
For details of the documents pertaining to the issue of the 2016 first tranche Medium-term Notes, please refer to the Company’s announcement published on the website of chinamoney.com (www.chinamoney.com.cn) and Shanghai Clearing House (www.shclearing.com).
By Order of the Board China Molybdenum Co., Ltd. Li Chaochun* Chairman
Luoyang City, Henan Province, People’s Republic of China, 21 March 2016
As at the date of this announcement, the Company’s executive directors are Messrs. Li Chaochun and Li Faben; the Company’s non-executive directors are Messrs. Ma Hui, Yuan Honglin and Cheng Yunlei; and the Company’s independent non-executive directors are Messrs. Bai Yanchun, Xu Shan and Cheng Gordon.
- for identification purposes only
– 2 –