Markets > Bonds

South Cement to issue RMB1.8bln 120D bills Nov. 26

BEIJING
2015-11-25 10:22

Already collect

South Cement Co. of China announced Wednesday that it would issue 1.8 billion yuan worth of 120-day bills on November 26.

The money raised will be used to repay debts owed to financial institutions.

The details for the bills issue are as follows:

Issuer (full name)

South Cement Co.

Guarantee

Unsecured

Registered amount

RMB 15 bln

Offering amount

RMB 1.8 bln

Term

120D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Agricultural Bank of China; China Minsheng Banking

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Nov. 26, 2015

Value Date

Nov. 27, 2015

Payment Date

Nov. 27, 2015

Circulation Date

Nov. 30, 2015

Maturity Date

Mar. 26, 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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