China Power Investment Co. of China announced Thursday that it would issue 2 billion yuan worth of 270-day bills on July 10.
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) |
China Power Investment Co. |
|
Guarantee |
Unsecured |
|
Registered amount |
RMB 50 bln |
|
Offering amount |
RMB 3 bln |
|
Term |
270D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriters |
China Everbright Bank; Agricultural Bank of China |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Jul. 10, 2015 |
|
Value Date |
Jul. 13, 2015 |
|
Payment Date |
Jul. 13, 2015 |
|
Circulation Date |
Jul. 14, 2015 |
|
Maturity Date |
Apr. 8, 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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