Markets > Bonds

Cindare Real Estate to issue RMB 1.5 bln 5Y notes Jun 3

BEIJING
2015-05-27 14:38

Already collect

Cindare Real Estate Co. of China announced Wednesday that it would issue 1.5 billion yuan worth of 5-year notes on June 3.

The money raised will be used to repay debts owed to financial institutions.

The details for the notes issue are as follows:

Issuer (full name)

Cindare Real Estate Co.

Guarantee

Unsecured

Registered amount

RMB 3 bln

Offering amount

RMB 1.5 bln

Term

5Y

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

China Merchants Bank; China CITIC Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jun. 3, 2015

Value Date

Jun. 5, 2015

Payment Date

Jun. 5 2015

Circulation Date

Jun. 8, 2015

Maturity Date

Jun. 5, 2020

Issuer Rating

AA

Interest accrue mode

Single interest

Rating

AA

Rating Agency

China Chengxin International Credit Rating Co. Ltd.

 

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