Beijing Jingmei Group Co. of China announced Wednesday that it would issue 5 billion yuan worth of 366-day bills on May 7.
The money raised will be used to repay bank loans.
The details for the bills issue are as follows:
Issuer (full name) |
Beijing Jingmei Group Co. |
Guarantee |
Unsecured |
Registered amount |
RMB 5 bln |
Offering amount |
RMB 5 bln |
Term |
365D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriter |
Huaxia Bank |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
May 7, 2015 |
Value Date |
May 8, 2015 |
Payment Date |
May 8, 2015 |
Circulation Date |
May 11, 2015 |
Maturity Date |
May 8, 2016 |
Issuer Rating |
AA+ |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
Dagong Global Credit Rating Co., Ltd. |
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