FINWIRES · TerminalLIVE
FINWIRES

Jiangxi Copper's Two Bond Tranches Accrue Interest; Shanghai Shares Rise 4%

By

Jiangxi Copper's (SHA:600362, HKG:0358) two tranches of medium-term bonds totaling 1.5 billion yuan accrued interest on Friday, according to a Saturday disclosure to the Shanghai bourse.

The first tranche has a total amount of 500 million yuan with a 10-year term and an interest rate of 2.14%, while the second tranche is a 15-year bond worth 1 billion yuan and an interest rate of 2.35%.

Both issuances form part of a 7 billion-yuan bond program.

Industrial Bank (SHA:601166) is the lead underwriter and bookrunner, while China Merchants Bank (SHA:600036, HKG:3968) is the joint lead underwriter.

Shares rose 4% in Shanghai and 3% in Hong Kong during morning trading on Monday.

Related Articles

Treasury

Realty Income Closes $1 Billion Convertible Notes Offering

Realty Income (O) said late Friday it has closed a private offering of $1 billion of 3.750% convertible senior notes due 2031.The offering included the full exercise of the $125.0 million option to purchase additional notes granted to initial purchasers of the notes, the company said.

$O
Treasury

Sparebanken Norge Offers SEK500 Million Senior Preferred Bond

Sparebanken Norge (SBNOR.OL) said Friday it issued a new senior preferred bond worth 500 million kronor.The Norwegian lender's newly issued bond due Aug. 21, 2031, carries a fixed coupon rate of 3.40% per year.Settlement is scheduled for Aug. 21. Danske Bank was the sole manager for the deal.

$SBNOR.OL
Treasury

US 10-Year Treasury Yield Rises 1.9 Basis Points to 4.66%, 2-Year Rate Climbs 1 Basis Point to 4.15% Early Friday