Markets > Bonds

Chongqing Expressway up to issue RMB 1 bln 270D bills May 27

BEIJING
2015-05-26 09:56

Already collect

Chongqing Expressway Co. of China announced Tuesday that it would issue 1 billion yuan worth of 270-day bills on May 27.

The money raised will be used to replenish operating capital.

The details for the bills issue are as follows:

Issuer (full name)

Chongqing Expressway Co.

Guarantee

Unsecured

Registered amount

RMB 2 bln

Offering amount

RMB 1 bln

Term

270D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

China Construction Bank; Bank of Communications

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

May 27, 2015

Value Date

May 28, 2015

Payment Date

May 28 2015

Circulation Date

May 29, 2015

Maturity Date

Feb. 22, 2016

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Lianhe Credit Rating Co., Ltd.

 

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