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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