Markets > Bonds

Guangdong Materials Group to issue RMB 500 mln 270D bills Apr. 21

BEIJING
2015-04-20 09:51

Already collect

Guangdong Materials Group Co. of China announced Monday that it would issue 500 million yuan worth of 270-day bills on April 21.

The money raised will be used to repay bank loans.

The details for the bills issue are as follows:

Issuer (full name)

Guangdong Materials Group Co.

Guarantee

Unsecured

Registered amount

RMB 4 bln

Offering amount

RMB 500 mln

Term

270D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

SPD Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Apr. 21, 2015

Value Date

Apr. 23, 2015

Payment Date

Apr. 23, 2015

Circulation Date

Apr. 24, 2015

Maturity Date

Jan. 18, 2016

Issuer Rating

AA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Lianhe Credit Rating Co., Ltd.

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