China Molybdenum Co., Ltd.’s $300 Million Notes Offering

White & Case LLP has advised China Molybdenum Co., Ltd. on the transaction

China Molybdenum Co., Ltd. executed its issuance of unrated US$300 million 5.48 percent guaranteed bonds due 2022.

China Molybdenum is a leading global diversified mining conglomerate principally engaged in the mining and processing, smelting and deep processing of non-ferrous metals and minerals including copper, cobalt, molybdenum, tungsten, niobium and phosphate.

The joint global coordinators, joint lead managers and joint bookrunners for the issuance are Standard Chartered Bank, Industrial Bank Co., Ltd., Hong Kong Branch, China Everbright Bank, Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch and Ping An of China Securities (Hong Kong) Company Limited.

The bonds were issued by CMOC Capital Limited, a wholly owned subsidiary of China Molybdenum, and guaranteed by China Molybdenum. The net proceeds will be used for general corporate purposes, including refinancing of certain existing debt of China Molybdenum and its subsidiaries. The bonds are listed for trading on the Hong Kong Stock Exchange.

The White & Case team which advised on the transaction was co-led by partners David Li (Picture) and Jessica Zhou (Hong Kong) and included partners Kaya Proudian (Singapore) and Catherine Tsang (Hong Kong), with support from associates Enlin Jiang (Hong Kong), June Chun and Mengbi Xu (both Beijing) and Christina Lui (Singapore).

Involved fees earner: June Chun – White & Case; Enlin Jiang – White & Case; David Li – White & Case; Christina Lui – White & Case; Kaya Proudian – White & Case; Catherine Tsang – White & Case; Mengbi Xu – White & Case; Jessica Zhou – White & Case;

Law Firms: White & Case;

Clients: China Molybdenum Co. Ltd.;

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Author: Michael Patrini