Shandong Hi-speed Co. of China announced Tuesday that it would issue 1.2 billion yuan worth of 270-day bills on January 13.
The money raised will be used to replenish operating capital and repay bank loans.
The details for the bills issue are as follows:
Issuer (full name) |
Shandong Hi-speed Co. |
Guarantee |
unsecured |
Registered amount |
RMB 8.5 bln |
Offering amount |
RMB 1.2 bln |
Term |
270D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriters |
Agricultural Bank of China; ICBC |
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 |
AAA |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
China Chengxin International Credit Rating Co. Ltd. |
Latest comments