Aluminum Corp. of China Plans to Sell Debt Securities
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Aluminum Corp. of China Ltd., the nation’s largest maker of the metal, said its board approved a plan to sell debt securities on China’s interbank market.
Total outstanding debt instruments, including 22 billion yuan ($3.32 billion) of short-term paper and medium-term bills already sold, won’t exceed 47 billion yuan after the new sales, the company, known as Chalco, said in a statement to the Shanghai stock exchange. The types and terms of the debt issues have yet to be decided, Chalco said.