Markets > Bonds

Vanke to issue RMB1.5bln 5Y notes Nov. 5

BEIJING
2015-10-29 10:55

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Vanke Co. of China announced Thursday that it would issue 1.5 billion yuan worth of 5-year notes on November 5.

The money raised will be used to repay bank loans.

The details for the notes issue are as follows:

Issuer (full name)

Vanke Co.

Guarantee

unsecured

Registered amount

RMB 4.5 bln

Offering amount

RMB 1.5 bln

Term

5Y

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

ICBC; Industrial Bank Co. Ltd.

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Nov. 5, 2015

Value Date

Nov. 6, 2015

Payment Date

Nov. 6, 2015

Circulation Date

Nov. 9, 2015

Maturity Date

Nov. 6, 2020

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

AAA

Rating Agency

Dagong Global Credit Rating Co., Ltd.

 

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