Aluminum Corporation of China Limited Issued First-term 5 Billion Yuan Medium-term Notes in 2008
16/06/2008
At present, registration committee of association of market dealers among banks of China has approved the application of Aluminum Corporation of China Limited for issuing 10 billion Yuan medium-term notes. Aluminum Corporation of China Limited has issued the first term of 5 billion Yuan medium-term notes in June 4th, the period is 3 years, annual interest rate is 5.3%, which can save 0.18 billion Yuan in financial cost compared with prime rate at same term.Aluminum Corporation of China Limited is the first A stock market listed company which issued medium-term notes. After issued 12 billion Yuan short-term financing bills in five terms, this successful issue of medium-term notes provide Aluminum Corporation of China Limited new direct financing channel, which reduce the financing cost, optimize the debt structure, and further improve the image and influence of Aluminum Corporation of China Limited in the domestic and foreign capital market.
