Markets > Bonds

Pearl River Enterprises to issue RMB 450 mln 365D bills Apr. 23

BEIJING
2015-04-16 14:37

Already collect

Pearl River Enterprises Co. of China announced Thursday that it would issue 450 million yuan worth of 365-day bills on April 23.

The money raised will be used to repay bank loans.

The details for the bills issue are as follows:

Issuer (full name)

Pearl River Enterprises Co.

Guarantee

Unsecured

Registered amount

RMB 900 mln

Offering amount

RMB 450 mln

Term

365D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

Ping An Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Apr. 23, 2015

Value Date

Apr. 24, 2015

Payment Date

Apr. 24, 2015

Circulation Date

Apr. 27, 2015

Maturity Date

Apr. 24, 2015

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Lianhe Credit Rating Co., Ltd.

 

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