Markets > Bonds

CRRC to issue RMB1bln 30D bills Nov. 2-3

BEIJING
2015-10-30 10:22

Already collect

CRRC Co. of China announced Friday that it would issue 1 billion yuan worth of 30-day bills from November 2 to November 3.

The money raised will be used to repay bank loans.

The details for the bills issue are as follows:

Issuer (full name)

CRRC Co.

Guarantee

Unsecured

Registered amount

RMB 12 bln

Offering amount

RMB 1 bln

Term

30D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

Bank of Communications

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Nov. 2-3, 2015

Value Date

Nov. 4, 2015

Payment Date

Nov. 4, 2015

Circulation Date

Nov. 5, 2015

Maturity Date

Dec. 4, 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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