Markets > Bonds

Zhejiang Materials Group to issue RMB 1.5 bln 175D bills Apr. 3-7

BEIJING
2015-04-02 10:25

Already collect

Zhejiang Materials Group Co. of China announced Wednesday that it would issue 1.5 billion yuan worth of 175-day bills from April 3 to April 7.

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)

Zhejiang Materials Group Co.

Guarantee

unsecured

Registered amount

RMB 10 bln

Offering amount

RMB 1.5 bln

Term

175D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

Industrial Bank Co. Ltd. China Bohai Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Apr. 3-7, 2015

Value Date

Apr. 8, 2015

Payment Date

Apr. 8, 2015

Circulation Date

Apr. 9, 2015

Maturity Date

Sept. 30, 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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