Markets > Bonds

China Merchants Group to issue RMB 4 bln 120D bills Mar. 26

BEIJING
2015-03-25 14:15

Already collect

China Merchants Group Co. of China announced Tuesday that it would issue 4 billion yuan worth of 120-year bills on March 26.

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)

China Merchants Group Co.

Guarantee

unsecured

Registered amount

RMB 10 bln

Offering amount

RMB 4 bln

Term

120D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Bank of China; CMS

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Mar. 26, 2015

Value Date

Mar. 27, 2015

Payment Date

Mar. 27, 2015

Circulation Date

Mar. 28, 2015

Maturity Date

July 25, 2015

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Chengxin International Credit Rating Co. Ltd.

 

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