Longyuan Power Group Co. of China announced Friday that it would issue 2 billion yuan worth of 90-day bills from January 11 to January 12.
The money raised will be used to repay bank loans and replenish operating capital.
The details for the bills issue are as follows:
|
Issuer (full name) |
Longyuan Power Group Co. |
|
Guarantee |
unsecured |
|
Registered amount |
RMB 20 bln |
|
Offering amount |
RMB 2 bln |
|
Term |
90D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriter |
China CITIC Bank |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Jan. 11-12, 2016 |
|
Value Date |
Jan. 13, 2016 |
|
Payment Date |
Jan. 13, 2016 |
|
Circulation Date |
Jan. 14, 2016 |
|
Maturity Date |
Apr. 12, 2016 |
|
Issuer Rating |
AAA |
|
Interest accrue mode |
Single interest |
|
Rating |
A-1 |
|
Rating Agency |
Dagong Global Credit Rating Co., Ltd. |
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