China Shipping Co. of China announced Wednesday that it would issue 2.5 billion yuan worth of 210-day bills on April 9.
The money raised will be used to replenish operating capital.
The details for the bills issue are as follows:
Issuer (full name) |
China Shipping Co. |
Guarantee |
unsecured |
Registered amount |
RMB 20 bln |
Offering amount |
RMB 2.5 bln |
Term |
210D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriters |
China Development Bank; China Everbright Bank |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Apr. 9, 2015 |
Value Date |
Apr. 10, 2015 |
Payment Date |
Apr. 10, 2015 |
Circulation Date |
Apr. 13, 2015 |
Maturity Date |
Nov. 6, 2015 |
Issuer Rating |
AAA |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
China Lianhe Credit Rating Co., Ltd. |
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