Markets > Bonds

State Power Investment to issue RMB4.5 bln 240D bills Sept. 28

BEIJING
2015-09-25 10:43

Already collect

China Grand Auto Co. of China announced Friday that it would issue 4.5 billion yuan worth of 240-day bills on September 28.

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 Grand Auto Co.

Guarantee

unsecured

Registered amount

RMB 50 bln

Offering amount

RMB 4.5 bln

Term

240D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

China Everbright Bank; China Merchants Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Sept. 28, 2015

Value Date

Sept. 29, 2015

Payment Date

Sept. 29, 2015

Circulation Date

Sept. 30, 2015

Maturity Date

May 26, 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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