China Coal Seeks 150 Billion Yuan for Projects Through 2015
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China Coal Energy Co., the nation’s second-biggest producer of the commodity, is seeking to raise 150 billion yuan ($22.9 billion) in funds to finance projects through 2015, the company’s chief financial officer said.
The coal producer will raise funds through bonds and loans, Weng Qing’an told reporters in Hong Kong today. The proposal to sell as much as 70 billion yuan of medium-term notes and commercial paper through 2013 is part of the company’s fund-raising plan for the next five years, Weng said.