Markets > Bonds

Huaibei Mining Group to issue RMB 1.5 bln 366D bills May 25

BEIJING
2015-05-20 14:16

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Huaibei Mining Group Co. of China announced Wednesday that it would issue 1.5 billion yuan worth of 366-day bills on May 25.

The money raised will be used to replenish operating capital and repay bank loans.

The details for the bills issue are as follows:

Issuer (full name)

Huaibei Mining Group Co.

Guarantee

Unsecured

Registered amount

RMB 3 bln

Offering amount

RMB 1.5 bln

Term

366D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

China Merchants Bank; China Everbright Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

May 25, 2015

Value Date

May 26, 2015

Payment Date

May 26 2015

Circulation Date

May 27, 2015

Maturity Date

May 26, 2016

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

Dagong Global Credit Rating Co., Ltd.

 

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