Markets > Bonds

Jiuquan Iron Steel Group to issue RMB1 bln 180D bills Sept. 25

BEIJING
2015-09-24 15:07

Already collect

Jiuquan Iron Steel Group Co. of China announced Thursday that it would issue 1 billion yuan worth of 180-day bills on September 25.

The money raised will be used to repay bank loans and replenish operating capital.

The details for the bills issue are as follows:

Issuer (full name)

Jiuquan Iron Steel Group Co.

Guarantee

unsecured

Registered amount

RMB 10 bln

Offering amount

RMB 1 bln

Term

180D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

China Construction Bank; Industrial Bank Co. Ltd.

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Sept. 25, 2015

Value Date

Sept. 28, 2015

Payment Date

Sept. 28, 2015

Circulation Date

Sept. 29, 2015

Maturity Date

Mar. 26, 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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