Chinalco Mining Corp’s planned take-private offers a solid return for shareholders and is near the finish line. But some investors are worried the deal could hit a roadblock.
China Citic Bank sells Asia’s first Additional Tier 1 bond, while Chalco raises its second perpetual note and State Bank of India offers a dual-tranche deal.
The Chinese aluminum company sold its first senior perpetual note amid increased market scrutiny towards the sector, with some experts commenting that it priced too aggressively.
The state-owned aluminium producer offers $926 million for up to 60% of the Mongolia-focused coal miner through a tender offer as it steps up its diversification strategy.
The Chinese aluminium producer delayed its retail offering last week without giving any reason and last night called off the deal blaming weak market conditions.