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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