Markets > Bonds

Valin Group to issue RMB2bln 3Y notes Oct. 22

BEIJING
2015-10-15 09:55

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Valin Group Co. of China announced Thursday that it would issue 2 billion yuan worth of 3-year notes on October 22.

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

The details for the notes issue are as follows:

Issuer (full name)

Valin Group Co.

Guarantee

unsecured

Registered amount

RMB 3.6 bln

Offering amount

RMB 2 bln

Term

3Y

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

China Merchants Securities; Bank of Beijing

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Oct. 22, 2015

Value Date

Oct. 26, 2015

Payment Date

Oct. 26, 2015

Circulation Date

Oct. 27, 2015

Maturity Date

Oct. 26, 2018

Issuer Rating

AA

Interest accrue mode

Single interest

Rating

AA

Rating Agency

Dagong Global Credit Rating Co., Ltd.

 

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