Markets > Bonds

State Grid to issue RMB10bln 180D bills Dec. 3

BEIJING
2015-12-02 10:24

Already collect

State Grid Co. of China announced Wednesday that it would issue 10 billion yuan worth of 180-day bills on December 3.

The money raised will be used to replenish operating capital and repay bank loans,

The details for the bills issue are as follows:

Issuer (full name)

State Grid Co.

Guarantee

Unsecured

Registered amount

RMB 30 bln

Offering amount

RMB 10 bln

Term

180D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

ICBC; Ping An Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Dec. 3, 2015

Value Date

Dec. 7, 2015

Payment Date

Dec. 7, 2015

Circulation Date

Dec. 8, 2015

Maturity Date

Jun. 4, 2016

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Chengxin International Credit Rating Co. Ltd.

 

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