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

MT Newswires Live08-17

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.

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