Markets > Bonds

Power China Road Bridge Group to issue RMB1bln 5Y notes Jan. 20

BEIJING
2016-01-13 10:24

Already collect

Power China Road Bridge Group Co. of China announced Wednesday that it would issue 1 billion yuan worth of 5-year notes on January 20.

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)

Power China Road Bridge Group Co.

Guarantee

unsecured

Registered amount

RMB 1 bln

Offering amount

RMB 1 bln

Term

5Y

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

SPD Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jan. 20, 2016

Value Date

Jan. 22, 2016

Payment Date

Jan. 22, 2016

Circulation Date

Jan. 23, 2016

Maturity Date

Jan. 22, 2021

Issuer Rating

AA+

Interest accrue mode

Single interest

Rating

AA+

Rating Agency

China Chengxin International Credit Rating Co. Ltd.

 

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