Markets > Bonds

Jiuquan Iron and Steel Group to issue RMB3bln 180D bills Oct. 15

BEIJING
2015-10-14 11:05

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Jiuquan Iron and Steel Group Co. of China announced Wednesday that it would issue 3 billion yuan worth of 180-day bills on October 15.

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)

Jiuquan Iron and Steel Group Co.

Guarantee

unsecured

Registered amount

RMB 10 bln

Offering amount

RMB 3 bln

Term

180D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Industrial Bank Co. Ltd; China Development Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Oct. 15, 2015

Value Date

Oct. 16, 2015

Payment Date

Oct. 16, 2015

Circulation Date

Oct. 19, 2015

Maturity Date

Apr. 13, 2016

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Lianhe Credit Rating Co., Ltd.

 

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