Markets > Bonds

Lu'an Group to issue RMB 2 bln 366D bills May 27

BEIJING
2015-05-22 10:35

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Lu'an Group Co. of China announced Friday that it would issue 2 billion yuan worth of 366-day bills on May 27.

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)

Lu'an Group Co.

Guarantee

Unsecured

Registered amount

RMB 6 bln

Offering amount

RMB 2 bln

Term

366D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Bank of China; China Minsheng Banking

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

May 27, 2015

Value Date

May 29, 2015

Payment Date

May 29 2015

Circulation Date

Jun. 1, 2015

Maturity Date

May 29, 2016

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Lianhe Credit Rating Co., Ltd.

 

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