Markets > Bonds

China Xinxing Group to issue RMB700 mln 366D bills Sept. 24

BEIJING
2015-09-17 14:41

Already collect

China Xinxing Group Co. of China announced Thursday that it would issue 700 million yuan worth of 366-day bills on September 24.

The money raised will be used to repay bank loans.

The details for the bills issue are as follows:

Issuer (full name)

China Xinxing Group Co.

Guarantee

unsecured

Registered amount

RMB 1.2 bln

Offering amount

RMB 700 mln

Term

366D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

Bank of Beijing; China Gangfa Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Sept. 24, 2015

Value Date

Sept. 25, 2015

Payment Date

Sept. 25, 2015

Circulation Date

Sept. 28, 2015

Maturity Date

Sept. 25, 2016

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Chengxin International Credit Rating Co. Ltd.

 

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