Markets > Bonds

Hainan Airlines to issue RMB2.5bln 3Y notes Jan. 21

BEIJING
2016-01-18 10:29

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Hainan Airlines Co. of China announced Monday that it would issue 2.5 billion yuan worth of 3-year notes on January 21.

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

The details for the notes issue are as follows:

Issuer (full name)

Hainan Airlines Co.

Guarantee

unsecured

Registered amount

RMB 5 bln

Offering amount

RMB 2.5 bln

Term

3Y

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

SPD Bank; China CITIC Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jan. 21, 2016

Value Date

Jan. 22, 2016

Payment Date

Jan. 22, 2016

Circulation Date

Jan. 25, 2016

Maturity Date

Jan. 22, 2019

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

AAA

Rating Agency

Shanghai Brilliance Credit Rating & Investors Service Co., Ltd

 

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