Markets > Bonds

Sunlon Group to issue RMB 900 mln 270D bills May 7

BEIJING
2015-05-06 10:28

Already collect

Sunlon Group Co. of China announced Wednesday that it would issue 900 million yuan worth of 270-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)

Sunlon Group Co.

Guarantee

Unsecured

Registered amount

RMB 2 bln

Offering amount

RMB 900 mln

Term

270D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Bank of Beijing; Beijing Rural Commercial 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

Feb. 2, 2016

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Lianhe Credit Rating Co., Ltd.

 

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