Xiamen International Trade Group Co. of China announced Tuesday that it would issue 1 billion yuan worth of 90-day bills on April 15.
The money raised will be used to repay debts owed to financial institutions.
The details for the bills issue are as follows:
Issuer (full name) |
Xiamen International Trade Group Co. |
Guarantee |
Unsecured |
Registered amount |
RMB 8 bln |
Offering amount |
RMB 1 bln |
Term |
90D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriters |
The Export Import Bank of China; SPD Bank |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Apr. 15, 2015 |
Value Date |
Apr. 16, 2015 |
Payment Date |
Apr. 16, 2015 |
Circulation Date |
Apr. 17, 2015 |
Maturity Date |
Jul. 15, 2015 |
Issuer Rating |
AA+ |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
China Lianhe Credit Rating Co., Ltd. |
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