The Yancoal Coal Mining Company (Yancoal) has made an offering of $1 billion guaranteed notes. Yancoal, a wholly-owned owned subsidiary of the Yanzhou Coal Mining Company, will be listing $450 million 4.461 percent guaranteed notes due 2017, and $550 million 5.730 percent guaranteed notes due 2022. Deutsche Bank and UBS acted as the joint lead managers on the offering.

Yanzhou was advised by Baker & McKenzie, Freehills, and King & Wood Mallesons on U.S. and Hong Kong law, Australian law, and PRC law respectively. The underwriters, meanwhile, were represented by a global Davis Polk & Wardwell team led by Tokyo partner Eugene Gregor, Hong Kong partner Paul Chow, and London partner John Paton.  Jingtian & Gongcheng acted as the banks’ PRC counsel.

Listed on the Hong Kong stock exchange, Yanzhou is one of the largest coal producers in China, with mines in both China and Australia. Owned primarily by the PRC government, the company has been broadening its operations to include the production of coal chemicals, the generation of electricity, and other businesses. ALB

Candice Mak is North Asia Editor at ALB. Follow her on Twitter:@ALB_Magazine.

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