Xiangtan Electric Manufacturing Group Co. of China announced Thursday that it would issue 900 million yuan worth of 366-day bills on May 6.
The money raised will be used to repay bank loans.
The details for the bills issue are as follows:
|
Issuer (full name) |
Xiangtan Electric Manufacturing Group Co. |
|
Guarantee |
Unsecured |
|
Registered amount |
RMB 1.9 bln |
|
Offering amount |
RMB 1 bln |
|
Term |
366D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriter |
SPD Bank |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
May 6, 2015 |
|
Value Date |
May 7, 2015 |
|
Payment Date |
May 7, 2015 |
|
Circulation Date |
May 8, 2015 |
|
Maturity Date |
May 7, 2016 |
|
Issuer Rating |
AA |
|
Interest accrue mode |
Single interest |
|
Rating |
A-1 |
|
Rating Agency |
Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. |
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