Jiangsu Expressway Co. of China announced Tuesday that it would issue 400 million yuan worth of 180-day bills on April 15.
The money raised will be used to replenish operating capital.
The details for the bills issue are as follows:
|
Issuer (full name) |
Jiangsu Expressway Co. |
|
Guarantee |
Unsecured |
|
Registered amount |
RMB 5 bln |
|
Offering amount |
RMB 400 mln |
|
Term |
180D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriters |
China Minsheng 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 |
Oct. 13, 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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