Chalco debuts $350m senior hybrid

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.
Chalco’s perpetual received an order book of $600 million from approximately 70 accounts.
Chalco’s perpetual received an order book of $600 million from approximately 70 accounts.
October 23, 2013

Aluminum Corporation of China – also known as Chalco – has issued a $350 million senior perpetual with a callable option in the fifth year amid improved pricing conditions.

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