Lifan Holding Co. of China announced Monday that it would issue 500 million yuan worth of 180-day bill on June 24
The money raised will be used to repay debts owed to financial institutions.
The details for the bills issue are as follows:
Issuer (full name) |
Lifan Holding Co. |
Guarantee |
Unsecured |
Registered amount |
RMB 2 bln |
Offering amount |
RMB 500 mln |
Term |
180D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriters |
SPD Bank |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Jun. 24, 2015 |
Value Date |
Jun. 25, 2015 |
Payment Date |
Jun. 25, 2015 |
Circulation Date |
Jun. 26, 2015 |
Maturity Date |
Dec. 22.2015 |
Issuer Rating |
AA |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
China Lianhe Credit Rating Co., Ltd. |
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