Yankuang Energy Issues USD 500M Exchangeable Bonds

Yankuang Energy Group Company Limited Class H (HK:1171) has released an update.

Yankuang Energy Group has announced the successful pricing and issuance of exchangeable corporate bonds by its controlling shareholder, Shandong Energy Group, amounting to USD 500 million with a 5-year term and a coupon rate of 3.50%. The bonds are exchangeable into the company’s H shares and are set to have no impact on the company’s control, production, or operations. Investors are urged to consider the investment risks associated with the exchangeable bonds issuance.

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