Yancoal Australia Limited
(ASX:YAL) has announced a subsidiary of the Bank of China, BOCI, has extended its subscription to US$175 million of the coal miners debt bonds.
Yancoal initially announced it planned to raise US$950 million via the issue of nine-year secured debt bonds.
As part of the arrangement, Yancoal issued US$775 million worth of debt bonds, while BOCI Asia Financial Products Limited (BOCI) subscribed to the remaining debt bonds.
BOCI previously only subscribed to the US$175 million to 31 March 2017, but it has now extended that by six months, to 30 September 2017.
Shares in Yancoal Australia Limited
(ASX:YAL) last traded 5.33% higher on Friday at 39.5 cents.
