Markets > Bonds

Orient Group to issue RMB 1 bln 366D bills Sept. 11

BEIJING
2015-09-08 10:28

Already collect

Orient Group Co. of China announced Tuesday that it would issue 1 billion yuan worth of 366-day bills on September 1.

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

The details for the bills issue are as follows:

Issuer (full name)

Orient Group Co.

Guarantee

Unsecured

Registered amount

RMB 1.5 bln

Offering amount

RMB 1 bln

Term

366D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

China Minsheng Banking; China CITIC Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Sept. 11, 2015

Value Date

Sept. 14, 2015

Payment Date

Sept. 14, 2015

Circulation Date

Sept. 15, 2015

Maturity Date

Sept. 14, 2016

Issuer Rating

AA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Lianhe Credit Rating Co., Ltd

 

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