Markets > Bonds

Lanhua Group to issue RMB 600 mln 366D bills May 28

BEIJING
2015-05-21 14:58

Already collect

Lanhua Group Co. of China announced Thursday that it would issue 600 million yuan worth of 366-day bills on May 28.

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)

Lanhua Group Co.

Guarantee

Unsecured

Registered amount

RMB 2 bln

Offering amount

RMB 600 mln

Term

366D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

China Construction Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

May 28, 2015

Value Date

May 29, 2015

Payment Date

May 29 2015

Circulation Date

Jun 1, 2015

Maturity Date

May 29, 2016

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Chengxin International Credit Rating Co. Ltd.

 

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