yanzhou coal

China’s third largest coal producer raised its first $300 million perpetual bond as it seeks to refinance existing debt amid an industry downturn.

After mandating banks over a year ago, RHB prints a small debut bond, but replaces Goldman Sachs with Citi.

For high-yield names, investors are demanding an attractive new-issue premium.

Gloucester Coal is recommending that its shareholders approve a merger with China's state-owned Yancoal Australia.