Youser Group Co. of China announced Thursday that it would issue 3 billion yuan worth of 270-day bills on April 10.
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) |
Youser Group Co. |
Guarantee |
unsecured |
Registered amount |
RMB 30 bln |
Offering amount |
RMB 3 bln |
Term |
270D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriter |
Industrial Bank Co. Ltd. |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Apr. 10, 2015 |
Value Date |
Apr. 13, 2015 |
Payment Date |
Apr. 13, 2015 |
Circulation Date |
Apr. 14, 2015 |
Maturity Date |
Jan. 8, 2016 |
Issuer Rating |
AAA |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
China Chengxin International Credit Rating Co. Ltd. |
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