Yangquan Coal Industry Group Co. of China announced Thursday that it would issue 2 billion yuan worth of 366-day bills on December 29.
The money raised will be used to repay bank loans.
The details for the bills issue are as follows:
Issuer (full name) |
Yangquan Coal Industry Group Co. |
Guarantee |
unsecured |
Registered amount |
RMB 2 bln |
Offering amount |
RMB 2 bln |
Term |
366D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriter |
China Bohai Bank |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Dec. 29, 2015 |
Value Date |
Dec. 30, 2015 |
Payment Date |
Dec. 30, 2015 |
Circulation Date |
Dec. 31, 2015 |
Maturity Date |
Dec. 30, 2016 |
Issuer Rating |
AAA |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
Dagong Global Credit Rating Co., Ltd. |
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