Sumec Group Co of China announced Monday that it would issue 500 million yuan worth of 3-year notes on November 2 to November 3.
The money raised will be used to repay bank loans.
The details for the notes issue are as follows:
Issuer (full name) |
Sumec Group Co. |
Guarantee |
unsecured |
Registered amount |
RMB 500 mln |
Offering amount |
RMB 500 mln |
Term |
3Y |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriters |
Bank of Beijing; China Minsheng Banking |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Oct. 2-3, 2015 |
Value Date |
Oct. 4, 2015 |
Payment Date |
Oct. 4, 2015 |
Circulation Date |
Oct. 5, 2015 |
Maturity Date |
Oct. 4, 2018 |
Issuer Rating |
AA+ |
Interest accrue mode |
Single interest |
Rating |
AA+ |
Rating Agency |
China Chengxin International Credit Rating Co. Ltd. |
Latest comments