Longyuan Power Group Co. of China announced Friday that it would issue 2 billion yuan worth of 247-day bills on May 11.
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) |
Longyuan Power Group Co. |
|
Guarantee |
Unsecured |
|
Registered amount |
RMB 20 bln |
|
Offering amount |
RMB 2 bln |
|
Term |
247D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriters |
ICBC; Industrial Bank Co. Ltd. |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
May 11, 2015 |
|
Value Date |
May 12, 2015 |
|
Payment Date |
May 12, 2015 |
|
Circulation Date |
May 13, 2015 |
|
Maturity Date |
Jan. 14, 2016 |
|
Issuer Rating |
AAA |
|
Interest accrue mode |
Single interest |
|
Rating |
A-1 |
|
Rating Agency |
Dagong Global Credit Rating Co., Ltd. |
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