Hangzhou Iron and Steel Group Co. of China announced Monday that it would issue 500 million yuan worth of 366-day bills from September 24 to September 25.
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) |
Hangzhou Iron and Steel Group Co. |
|
Guarantee |
unsecured |
|
Registered amount |
RMB 3.9 bln |
|
Offering amount |
RMB 500 mln |
|
Term |
366D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriters |
ICBC; Industrial Bank Co. Ltd. |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Sept. 24-25, 2015 |
|
Value Date |
Sept. 28, 2015 |
|
Payment Date |
Sept. 28, 2015 |
|
Circulation Date |
Sept. 29, 2015 |
|
Maturity Date |
Sept. 28, 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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