Markets > Bonds

Xiwang Group to issue RMB 1 bln 180D bills Apr. 23

BEIJING
2015-04-22 10:25

Already collect

Xiwang Group Co. of China announced Wednesday that it would issue 1 billion yuan worth of 180-day bills on April 23.

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)

Xiwang Group Co.

Guarantee

Unsecured

Registered amount

RMB 6 bln

Offering amount

RMB 1 bln

Term

180D

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

Oct. 21, 2016

Issuer Rating

AA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

Dagong Global Credit Rating Co., Ltd.

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