Air China Co. of China announced Wednesday that it would issue 1 billion yuan worth of 240-day bills on May 21.
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) |
Air China Co. |
Guarantee |
Unsecured |
Registered amount |
RMB 8 bln |
Offering amount |
RMB 1 bln |
Term |
240D |
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 21, 2015 |
Value Date |
May 22, 2015 |
Payment Date |
May 22 2015 |
Circulation Date |
May 25, 2015 |
Maturity Date |
Jan. 17, 2016 |
Issuer Rating |
AAA |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
China Chengxin International Credit Rating Co. Ltd. |
Latest comments