CSSC Co. of China announced Wednesday that it would issue 3 billion yuan worth of 40-day bills on October 8.
The money raised will be used to repay bank loans.
The details for the bills issue are as follows:
|
Issuer (full name) |
CSSC Co. |
|
Guarantee |
unsecured |
|
Registered amount |
RMB 20 bln |
|
Offering amount |
RMB 3 bln |
|
Term |
40D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriter |
Industrial Bank Co. Ltd. |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Oct. 8, 2015 |
|
Value Date |
Oct. 9, 2015 |
|
Payment Date |
Oct. 9, 2015 |
|
Circulation Date |
Oct. 10, 2015 |
|
Maturity Date |
Nov. 18, 2015 |
|
Issuer Rating |
AAA |
|
Interest accrue mode |
Single interest |
|
Rating |
AA+ |
|
Rating Agency |
China Lianhe Credit Rating Co., Ltd. |
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