HONG KONG: BEFORE THE OPEN, 20May2013

Timmy Tong quiet as a mouse; Civil servants want inflation linked pay; Better luck next time HKMEx; HKIA traffic healthy; To poison us better; Yanzhou capital raising. Here’s what you need to know.

BLOCKS BLOCKS BLOCKS: Yanzhou Coal to issue USD denominated securities

From Bloomberg:

The securities will be issued by a wholly owned subsidiary and guaranteed by Yanzhou Coal. The proceeds will be used for debt repayment, capital expenditure, working capital and general corporate purposes, the miner said.