Markets > Bonds

Shougang Group to issue RMB2.5bln 5Y notes Dec. 25

BEIJING
2015-12-18 11:10

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Shougang Group Co. of China announced Friday that it would issue 2.5 billion yuan worth of 5-year notes on December 25.

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)

Shougang Group Co.

Guarantee

unsecured

Registered amount

RMB 4.5 bln

Offering amount

RMB 2.5 bln

Term

5Y

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Huatai Securities; Agricultural Bank of China

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Dec. 25, 2015

Value Date

Dec. 29, 2015

Payment Date

Dec. 29, 2015

Circulation Date

Dec. 30, 2015

Maturity Date

Dec. 29, 2020

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

AAA

Rating Agency

China Chengxin International Credit Rating Co. Ltd

 

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