Markets > Bonds

China Southern Power Grid to issue RMB 5 bln 5Y notes Aug. 20-21

BEIJING
2015-08-13 14:29

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China Southern Power Grid Co. of China announced Thursday that it would issue 5 billion yuan worth of 5-year notes from August 20 to August 21.

The money raised will be used to replenish operating capital.

The details for the notes issue are as follows:

Issuer (full name)

China Southern Power Grid Co.

Guarantee

Unsecured

Registered amount

RMB 5 bln

Offering amount

RMB 5 bln

Term

5Y

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

ICBC; China Construction Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Aug. 20-21, 2015

Value Date

Aug. 24, 2015

Payment Date

Aug. 24, 2015

Circulation Date

Aug. 25, 2015

Maturity Date

Aug. 24, 2020

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

AAA

Rating Agency

Dagong Global Credit Rating Co., Ltd.

 

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