Kunming Communications Co. of China announced Tuesday that it would issue 3 billion yuan worth of 366-day bills from August 14 to August 17.
The money raised will be used to repay bank loans.
The details for the bills issue are as follows:
Issuer (full name) |
Kunming Communications Co. |
Guarantee |
Unsecured |
Registered amount |
RMB 3 bln |
Offering amount |
RMB 3 bln |
Term |
366D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriter |
Bank of Beijing |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Aug. 14-17, 2015 |
Value Date |
Aug. 18, 2015 |
Payment Date |
Aug. 18, 2015 |
Circulation Date |
Aug. 19, 2015 |
Maturity Date |
Aug. 18, 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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