Markets > Bonds

Pearl River Enterprises Group to issue RMB 500 mln 90D bills Jun 23

BEIJING
2015-06-19 11:03

Already collect

Pearl River Enterprises Group Co. of China announced Friday that it would issue 500 million yuan worth of 90-day bills on June 23.

The money raised will be used to replenish operating capital and repay bank loan.

The details for the bills issue are as follows:

Issuer (full name)

Pearl River Enterprises Group Co.

Guarantee

Unsecured

Registered amount

RMB 4 bln

Offering amount

RMB 500 mln

Term

90D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

SPD Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jun. 23, 2015

Value Date

Jun. 24, 2015

Payment Date

Jun. 24, 2015

Circulation Date

Jun. 25, 2015

Maturity Date

Sept. 22, 2015

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

Shanghai Brilliance Credit Rating & Investors Service Co., Ltd.

 

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