Markets > Bonds

China Railway Materials to issue RMB 1 bln 270D bills Aug. 20

BEIJING
2015-08-19 11:10

Already collect

China Railway Materials 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)

China Railway Materials Co.

Guarantee

unsecured

Registered amount

RMB 8 bln

Offering amount

RMB 1 bln

Term

270D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Industrial Bank Co. Ltd.; Agricultural Bank of China

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

AA+

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

Dagong Global Credit Rating Co., Ltd.

 

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