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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