Minmetals Development to redeem 2023 renewable bonds
Minmetals Development Co., Ltd. [SSE: 600058] announced that it will not exercise its option to renew the "2023 Public Offering of Renewable Corporate Bonds (First Phase)" and will redeem the bonds in full on March 24, 2025, following the end of the initial interest period, on March 23rd. The bonds, with security code 115080 and abbreviated as "23 Development Y1", were issued with a base term of two years and carried a fixed interest rate of 4.70% for the initial period. The total issuance amount for the bonds was RMB 1 billion. The company stated that this decision was made to ensure the smooth progress of the renewal option related work.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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