Markets > Bonds

Sichuan Expressway Construction Development to issue RMB 500 mln 270D bills

BEIJING
2015-07-21 11:02

Already collect

Sichuan Expressway Construction Development Co. of China announced Tuesday that it would issue 3 billion yuan worth of 270-day bills on July 22.

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)

Sichuan Expressway Construction Development Co.

Guarantee

Unsecured

Registered amount

RMB 10 bln

Offering amount

RMB 500 mln

Term

270D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwritr

Agricultural Bank of China

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jul. 22, 2015

Value Date

Jul. 24, 2015

Payment Date

Jul. 24, 2015

Circulation Date

Jul. 27, 2015

Maturity Date

Apr. 19, 2016

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Chengxin International Credit Rating Co. Ltd.

 

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