Markets > Bonds

Xiamen Tungsten to issue RMB600mln 3Y notes Jan. 13

BEIJING
2016-01-08 10:30

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Xiamen Tungsten Co. of China announced Friday that it would issue 600 million yuan worth of 3-year notes on January 13.

The money raised will be used to replenish operating capital and repay bank loans.

The details for the notes issue are as follows:

Issuer (full name)

Xiamen Tungsten Co.

Guarantee

unsecured

Registered amount

RMB 1.5 bln

Offering amount

RMB 600 mln

Term

3Y

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

Agricultural Bank of China

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jan. 13, 2016

Value Date

Jan. 15, 2016

Payment Date

Jan. 15, 2016

Circulation Date

Jan. 18, 2016

Maturity Date

Jan. 15, 2019

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

AA+

Rating Agency

China Lianhe Credit Rating Co., Ltd

 

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