Jiangsu Yueda Group Co. of China announced Friday that it would issue 3 billion yuan worth of 180-day bills from April 27 to April 28.
The money raised will be used to replenish operating capital and repay bank loans.
The details for the bills issue are as follows:
|
Issuer (full name) |
Jiangsu Yueda Group Co. |
|
Guarantee |
Unsecured |
|
Registered amount |
RMB 5 bln |
|
Offering amount |
RMB 3 bln |
|
Term |
180 |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriter |
Bank of China |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Apr. 27-28, 2015 |
|
Value Date |
Apr. 29, 2015 |
|
Payment Date |
Apr. 29, 2015 |
|
Circulation Date |
Apr. 30, 2015 |
|
Maturity Date |
Oct. 26, 2015 |
|
Issuer Rating |
AA+ |
|
Interest accrue mode |
Single interest |
|
Rating |
A-1 |
|
Rating Agency |
China Chengxin International Credit Rating Co. Ltd. |
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