Markets > Bonds

Wuhan Iron and Steel Group to issue RMB3bln 366D bills Oct. 19

BEIJING
2015-10-14 10:05

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Wuhan Iron and Steel Group Co. of China announced Wednesday that it would issue 3 billion yuan worth of 366-day bills on October 19.

The money raised will be used to repay bank loans.

The details for the bills issue are as follows:

Issuer (full name)

Wuhan Iron and Steel Group Co.

Guarantee

unsecured

Registered amount

RMB 10.5 bln

Offering amount

RMB 3 bln

Term

366D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Agricultural Bank of China; Bank of China

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Oct. 19, 2015

Value Date

Oct. 21, 2015

Payment Date

Oct. 21, 2015

Circulation Date

Oct. 22, 2015

Maturity Date

Oct. 21, 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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