Chinese miner joins rush to tap lure of gold in bond market
One of China’s biggest gold miners is planning its second dollar bond offering in two weeks, the latest in a slew of global companies looking to tap growing investor interest in the precious metal. Shandong Gold Group is considering issuing a roughly $100-million perpetual bond as soon as this week, according to people familiar with the matter, who asked not to be identified as the matter is private. The potential sale comes after it already raised $300-million via a three-year bond offering earlier this month.
One of China’s biggest gold miners is planning its second dollar bond offering in two weeks, the latest in a slew of global companies looking to tap growing investor interest in the precious metal.
Shandong Gold Group is considering issuing a roughly $100-million perpetual bond as soon as this week, according to people familiar with the matter, who asked not to be identified as the matter is private. The potential sale comes after it already raised $300-million via a three-year bond offering earlier this month.
