Chalco to raise USD 1 billion via bond sale

Date:2011-08-29xuxin  Text Size:

Reuters reported that China's Aluminum Corporation of China’s Hong Kong subsidiary will issue up to USD 1.2 billion in bonds with maturity of up to 10 years at an appropriate time to support investments overseas.

In addition, its trading unit, Chalco Trading Hong Kong Company will apply for foreign currency loans to fund international trade and Chalco will provide guarantees of as much as USD 300 million.

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