Modern Farming Group Co. of China announced Monday that it would issue 400 million yuan worth of 270-day bills from September 21 to September 22..
The money raised will be used to replenish operating capital and repay bank loans.
The details for the bills issue are as follows:
|
Issuer (full name) |
Modern Farming Group Co. |
|
Guarantee |
unsecured |
|
Registered amount |
RMB 2 bln |
|
Offering amount |
RMB 400 mln |
|
Term |
270D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriter |
ICBC |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Sept. 21-22, 2015 |
|
Value Date |
Sept. 23, 2015 |
|
Payment Date |
Sept. 23, 2015 |
|
Circulation Date |
Sept. 24, 2015 |
|
Maturity Date |
Sept. 23, 2016 |
|
Issuer Rating |
AA |
|
Interest accrue mode |
Single interest |
|
Rating |
A-1 |
|
Rating Agency |
Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. |
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