Fujian Investment Development Group Co. of China announced Wednesday that it would issue 1 billion yuan worth of 270-day bills on August 20.
The money raised will be used to repay bank loans.
The details for the bills issue are as follows:
|
Issuer (full name) |
Fujian Investment Development Group Co. |
|
Guarantee |
unsecured |
|
Registered amount |
RMB 3.5 bln |
|
Offering amount |
RMB 1 bln |
|
Term |
270D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriter |
Industrial Bank Co. Ltd. |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Aug. 20, 2015 |
|
Value Date |
Aug. 21, 2015 |
|
Payment Date |
Aug. 21, 2015 |
|
Circulation Date |
Aug. 24, 2015 |
|
Maturity Date |
May 17, 2016 |
|
Issuer Rating |
AAA |
|
Interest accrue mode |
Single interest |
|
Rating |
A-1 |
|
Rating Agency |
China Chengxin International Credit Rating Co. |
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