Metallurgical of China announced Monday that it would issue 3 billion yuan worth of 270-day bills on October 27.
The money raised will be used to repay bank loans.
The details for the bills issue are as follows:
Issuer (full name) |
Metallurgical of China |
Guarantee |
unsecured |
Registered amount |
RMB 12 bln |
Offering amount |
RMB 3 bln |
Term |
270D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriters |
Agricultural Bank of China; China Construction Bank |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Oct. 27, 2015 |
Value Date |
Oct. 29, 2015 |
Payment Date |
Oct. 29, 2015 |
Circulation Date |
Oct. 30, 2015 |
Maturity Date |
Oct. 29, 2016 |
Issuer Rating |
AAA |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
China Chengxin International Credit Rating Co. Ltd. |
Latest comments