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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