China Railway Co. of China announced Friday that it would issue 10 billion yuan worth of 10-year notes from December 4 to December 10.
The money raised will be used to repay debts owed to financial institutions.
The details for the notes issue are as follows:
|
Issuer (full name) |
China Railway Co. |
|
Guarantee |
unsecured Irrevocable liability guarantee by China Railway Construction Fund |
|
Registered amount |
RMB 15 bln |
|
Offering amount |
RMB 10 bln |
|
Term |
10Y |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriter |
BOC International (China) Co. |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Dec. 4-7, 2015 |
|
Value Date |
Dec. 7, 2015 |
|
Payment Date |
Dec. 7, 2015 |
|
Circulation Date |
Dec. 8, 2015 |
|
Maturity Date |
Dec. 7, 2025 |
|
Issuer Rating |
AAA |
|
Interest accrue mode |
Single interest |
|
Rating |
AAA |
|
Rating Agency |
China Chengxin International Credit Rating Co. Ltd. |
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