Markets > Bonds

Air China to issue RMB 1 bln 240D bills May 21

BEIJING
2015-05-20 14:21

Already collect

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.

 

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