Markets > Bonds

ZTE to issue RMB 4 bln 270D notes Sept. 7

BEIJING
2015-09-02 10:30

Already collect

ZTE Co. of China announced Wednesday that it would issue 4 billion yuan worth of 270-day bills on September 7.

The money raised will be used to replenish operating capital and repay bank loans.

The details for the bills issue are as follows:

Issuer (full name)

ZTE Co.

Guarantee

Unsecured

Registered amount

RMB 8 bln

Offering amount

RMB 4 bln

Term

270D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Bank of China; China Development Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Sept. 7, 2015

Value Date

Sept. 9, 2015

Payment Date

Sept. 9, 2015

Circulation Date

Sept. 10, 2015

Maturity Date

Sept. 9, 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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