Longyuan Power Co. of China announced Monday that it would issue 2 billion yuan worth of 247-day bills on May 19.
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 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 |
Agricultural Bank of China; CITIC Securities Co. |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
May 19, 2015 |
Value Date |
May 20, 2015 |
Payment Date |
May 20, 2015 |
Circulation Date |
May 21, 2015 |
Maturity Date |
Jan. 22, 2016 |
Issuer Rating |
AAA |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
Dagong Global Credit Rating Co., Ltd. |
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