Lushang Group Co. of China announced Thursday that it would issue 900 million yuan worth of 5-year notes on August 11.
The money raised will be used to replenish operating capital and repay bank loans.
The details for the notes issue are as follows:
|
Issuer (full name) |
Lushang Group Co. |
|
Guarantee |
Unsecured |
|
Registered amount |
RMB 1.9 bln |
|
Offering amount |
RMB 900 mln |
|
Term |
5Y |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriters |
Industrial Bank; CICC |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Aug. 11, 2015 |
|
Value Date |
Aug. 12, 2015 |
|
Payment Date |
Aug. 12, 2015 |
|
Circulation Date |
Aug. 13, 2015 |
|
Maturity Date |
Aug. 12, 2020 |
|
Issuer Rating |
AA+ |
|
Interest accrue mode |
Single interest |
|
Rating |
AA+ |
|
Rating Agency |
China Lianhe Credit Rating Co., Ltd. |
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