Nanshan Group Co. of China announced Tuesday that it would issue 1 billion yuan worth of 270-day bills on January 13.
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) |
Nanshan Group Co. |
|
Guarantee |
unsecured |
|
Registered amount |
RMB 10 bln |
|
Offering amount |
RMB 1 bln |
|
Term |
270D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriter |
Industrial Bank Co. Ltd. |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Jan. 13, 2016 |
|
Value Date |
Jan. 14, 2016 |
|
Payment Date |
Jan. 14, 2016 |
|
Circulation Date |
Jan. 15, 2016 |
|
Maturity Date |
Oct. 10, 2016 |
|
Issuer Rating |
AA+ |
|
Interest accrue mode |
Single interest |
|
Rating |
A-1 |
|
Rating Agency |
China Lianhe Credit Rating Co., Ltd. |
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