Markets > Bonds

Meihua Group to issue RMB700mln 180D bills Nov. 20-23

BEIJING
2015-11-19 10:32

Already collect

Meihua Group Co. of China announced Thursday that it would issue 700 million yuan worth of 180-day bills from November 20 to November 23.

The money raised will be used to repay bank loans.

The details for the bills issue are as follows:

Issuer (full name)

Meihua Group Co.

Guarantee

Unsecured

Registered amount

RMB 4 bln

Offering amount

RMB 700 mln

Term

180D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

Industrial Bank Co. Ltd.

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Nov. 20-23, 2015

Value Date

Nov. 24, 2015

Payment Date

Nov. 24, 2015

Circulation Date

Nov. 25, 2015

Maturity Date

May 22, 2016

Issuer Rating

AA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Chengxin International Credit Rating Co. Ltd.

 

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