China Southern Airline Co. of China announced Monday that it would issue 2 billion yuan worth of 180-day bills from November 24 to November 25.
The money raised will be used to repay bank loans and replenish operating capital.
The details for the bills issue are as follows:
|
Issuer (full name) |
China Southern Airline Co. |
|
Guarantee |
Unsecured |
|
Registered amount |
RMB 14 bln |
|
Offering amount |
RMB 2 bln |
|
Term |
180D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriters |
ICBC; Agricultural Bank of China |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Nov. 24-25, 2015 |
|
Value Date |
Nov. 26, 2015 |
|
Payment Date |
Nov. 26, 2015 |
|
Circulation Date |
Nov. 27, 2015 |
|
Maturity Date |
Nov. 24, 2016 |
|
Issuer Rating |
AAA |
|
Interest accrue mode |
Single interest |
|
Rating |
A-1 |
|
Rating Agency |
China Lianhe Credit Rating Co., Ltd. |
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