Hengtong Group Co. of China announced Thursday that it would issue 700 million yuan worth of 180-day bills on January 15.
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) |
Hengtong Group Co. |
Guarantee |
unsecured |
Registered amount |
RMB 3 bln |
Offering amount |
RMB 700 mln |
Term |
180D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriter |
ICBC |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Jan. 15, 2016 |
Value Date |
Jan. 18, 2016 |
Payment Date |
Jan. 18, 2016 |
Circulation Date |
Jan. 19, 2016 |
Maturity Date |
Jul. 13, 2016 |
Issuer Rating |
AA+ |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
China Chengxin International Credit Rating Co. Ltd. |
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