Aluminum Corp Of China To Sell CNY5 Bln 1-Year Bills Friday

Aluminum Corp. of China Ltd. (ACH), or Chalco, said Tuesday it plans to sell CNY5 billion ($773.4 million) worth of one-year bills on the interbank market on Friday.

The company, China's largest alumina and aluminum producer by capacity, said it will use the proceeds to replenish working capital and repay bank loans.