Markets > Bonds

XCMG to issue RMB 2 bln 270D bills July 7

BEIJING
2015-07-03 10:08

Already collect

XCMG Co. of China announced Friday that it would issue 2 billion yuan worth of 270-day bills on July 7.

The money raised will be used to repay bank loans.

The details for the bills issue are as follows:

Issuer (full name)

XCMG Co.

Guarantee

Unsecured

Registered amount

RMB 15 bln

Offering amount

RMB 2 bln

Term

270D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

SPD Bank; Bank of China

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jul. 7, 2015

Value Date

Jul. 9, 2015

Payment Date

Jul. 9, 2015

Circulation Date

Jul. 10, 2015

Maturity Date

Apr. 4, 2016

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Chengxin International Credit Rating Co. Ltd.

 

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