Markets > Bonds

China Power Investment to issue RMB 3.5 bln 270D bills May 5

BEIJING
2015-05-04 10:26

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China Power Investment Co. of China announced Monday that it would issue 3.5 billion yuan worth of 270-day bills on May 5.

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)

China Power Investment Co.

Guarantee

Unsecured

Registered amount

RMB 50 bln

Offering amount

RMB 3.5 bln

Term

270D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

China Everbright Bank; China Merchants Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

May 5, 2015

Value Date

May 7, 2015

Payment Date

May 7, 2015

Circulation Date

May 8, 2015

Maturity Date

Feb, 1, 2016

Issuer Rating

AA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Chengxin International Credit Rating Co. Ltd.

 

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