Yankuang Energy Group's (HKG:1171, SHA:600188) controlling shareholder Shandong Energy Group completed the issuance of 3.50% exchangeable corporate bonds of $500 million for a term of five years, a Thursday filing with the Hong Kong Exchange said.

The bonds were issued by Yankuang Cayman, a subsidiary of Shandong Energy, and were guaranteed by Shandong Energy itself.

The coal mining company's shares were down nearly 2% on Thursday's close.

Price (HKD): $11.04, Change: $-0.22, Percent Change: -1.95%