Shandong Hi-Speed Group Co. of China announced Tuesday that it would issue 1.5 billion yuan worth of 270-day bills on November 4.
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) |
Shandong Hi-Speed Group Co. |
Guarantee |
Unsecured |
Registered amount |
RMB 15 bln |
Offering amount |
RMB 1.5 bln |
Term |
270D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriters |
China Development Bank; Huaxia Bank |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Nov. 4, 2015 |
Value Date |
Nov. 5, 2015 |
Payment Date |
Nov. 5, 2015 |
Circulation Date |
Nov. 6, 2015 |
Maturity Date |
Aug. 1, 2016 |
Issuer Rating |
AAA |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. |
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