MCC’s first USD perpetual bond twice oversubscribed
25 Apr 2018USD500m, coupon 4.95%, perpetual (callable from 02 May 2021). Reoffer 100.00, yield 4.95%, and spread UST 2.375% April 2021 + 233.1bp. Senior unsecured. Issuer MCC Holding (Hong Kong) Corporation Limited. Guarantor Metallurgical Corporation of China Ltd. Guarantor ratings Baa1/BBB+/BBB+ (st/st/st). Expected issue rating