Markets > Bonds

Shougang Group to issue RMB 5 bln 365D bills Apr. 20

BEIJING
2015-04-15 14:22

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Shougang Group Co. of China announced Wednesday that it would issue 5 billion yuan worth of 365-day bills on April 20.

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)

Shougang Group Co.

Guarantee

Unsecured

Registered amount

RMB 5 bln

Offering amount

RMB 5 bln

Term

365D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Huaxia Bank; Agricultural Bank of China

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Apr. 20, 2015

Value Date

Apr. 22, 2015

Payment Date

Apr. 22, 2015

Circulation Date

Apr. 23, 2015

Maturity Date

Apr. 22, 2016

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

Dagong Global Credit Rating Co., Ltd.

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