Markets > Bonds

Air China to issue RMB1bln 90D bills Oct. 29

BEIJING
2015-10-28 10:25

Already collect

Air China Co of China announced Wednesday that it would issue 1 billion yuan worth of 90-day bills on October 29.

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)

Air China Co.

Guarantee

unsecured

Registered amount

RMB 8 bln

Offering amount

RMB 1 bln

Term

90D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

ICBC

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Oct. 29, 2015

Value Date

Oct. 30, 2015

Payment Date

Oct. 30, 2015

Circulation Date

Nov. 2, 2015

Maturity Date

Jan. 28, 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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