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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