Jiangsu Expressway Co. of China announced Monday that it would issue 700 million yuan worth of 261-day bills on August 11.
The money raised will be used to repay bank loans.
The details for the bills issue are as follows:
Issuer (full name) |
Jiangsu Expressway Co. |
Guarantee |
Unsecured |
Registered amount |
RMB 5 bln |
Offering amount |
RMB 700 mln |
Term |
261D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriter |
Ping An Bank; China Minsheng Banking |
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 |
Apr. 29, 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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