Markets > Bonds

Kangmei Pharmaceutical to issue RMB2bln 366D bills Nov. 27

BEIJING
2015-11-24 10:29

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Kangmei Pharmaceutical Co. of China announced Tuesday that it would issue 2 billion yuan worth of 366-day bills on November 27.

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)

Kangmei Pharmaceutical Co.

Guarantee

Unsecured

Registered amount

RMB 4.5bln

Offering amount

RMB 2 bln

Term

366D

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. 27, 2015

Value Date

Nov. 30, 2015

Payment Date

Nov. 30, 2015

Circulation Date

Dec. 1, 2015

Maturity Date

Nov. 30, 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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