Markets > Bonds

China Merchants Shipping to issue RMB3 bln 240D bills Sept. 18

BEIJING
2015-09-17 10:37

Already collect

China Merchants Shipping Co. of China announced Thursday that it would issue 3 billion yuan worth of 240-day bills on September 18.

The money raised will be used to repay debts owed to financial institutions.

The details for the bills issue are as follows:

Issuer (full name)

China Merchants Shipping Co.

Guarantee

unsecured

Registered amount

RMB 10 bln

Offering amount

RMB 3 bln

Term

240D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

CMS; ICBC

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Sept. 18, 2015

Value Date

Sept. 21, 2015

Payment Date

Sept. 21, 2015

Circulation Date

Sept. 22, 2015

Maturity Date

May 18, 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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