Chalco Hong Kong Unit To Issue Up To $1.2 Bln Bonds

SHANGHAI, Aug 24, 2011 (Dow Jones) -- Aluminum Corp of China Ltd. (2600.HK), or Chalco, said Thursday its Hong Kong unit will issue up to $1.2 billion of bonds to support overseas investments.

The bonds will have a maturity of up to 10 years and will be issued at an appropriate time, the company said in a filing to the Shanghai Stock Exchange.

Chalco is the country's biggest alumina producer by output and the listed unit of China's biggest aluminum producer Aluminum Corp. of China, or Chinalco.