Yanzhou Coal issues RMB3bn in medium-term notes

Yanzhou Coal Mining (HKEX:1171) announced the successful issuance of its first tranche of medium-term notes for 2025, as approved on 6 May 2023. The Issuance, registered under ZhongShiXieZhu(2023) No. DFI24, has a term of two years. The total amount issued was RMB3 billion, which the company received by 29 April 2025. The notes, identified as "25YankuangnengyuanMTN001," carry an interest rate of 2.09% and are priced at RMB100 per unit. China Merchants Bank Co., Limited served as both the bookrunner and lead underwriter for the issuance. Industrial Bank Co., Ltd., Bank of China Limited, and China CITIC Bank Corporation Limited acted as joint-lead underwriters. The first coupon rate reset date is 29 April 2025.