Markets > Bonds

China Railway to issue RMB5 bln 20Y notes Sept. 15

BEIJING
2015-09-14 14:41

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China Railway announced Monday that it would issue 5 billion yuan worth of 20-year notes on September 15.

The money raised will be used to support project construction.

The details for the notes issue are as follows:

Issuer (full name)

China Railway Co.

Guarantee

unsecured Irrevocable liability guarantee by China Railway Fund

Registered amount

RMB 15 bln

Offering amount

RMB 5 bln

Term

20Y

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

CICC

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Sept. 15, 2015

Value Date

Sept. 16, 2015

Payment Date

Sept. 16. 2015

Circulation Date

Sept. 17, 2015

Maturity Date

Sept. 16, 2035

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

AAA

Rating Agency

China Lianhe Credit Rating Co., Ltd.

 

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