Baise Mining Group Co. of China announced Wednesday that it would issue 900 million yuan worth of 5-year notes on November 18.
The money raised will be used to replenish operating capital and repay bank loans.
The details for the notes issue are as follows:
|
Issuer (full name) |
Baise Mining Group Co. |
|
Guarantee |
Unsecured |
|
Registered amount |
RMB 900 mln |
|
Offering amount |
RMB 900 mln |
|
Term |
5Y |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriters |
China Securities; Ping An Bank |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Nov. 18, 2015 |
|
Value Date |
Nov. 20, 2015 |
|
Payment Date |
Nov. 20, 2015 |
|
Circulation Date |
Nov. 23, 2015 |
|
Maturity Date |
Nov. 20, 2020 |
|
Issuer Rating |
AA |
|
Interest accrue mode |
Single interest |
|
Rating |
AA |
|
Rating Agency |
China Chengxin International Credit Rating Co. Ltd. |
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