Chinalco Co. of China announced Tuesday that it would issue 3 billion yuan worth of 270-day bills from January 20 to January 21.
The money raised will be used to repay bank loans and replenish operating capital.
The details for the bills issue are as follows:
|
Issuer (full name) |
Chinalco Co. |
|
Guarantee |
unsecured |
|
Registered amount |
RMB 45 bln |
|
Offering amount |
RMB 3 bln |
|
Term |
270D |
|
Par Value |
RMB100 |
|
Issuing Rate |
To be decided by results of bookkeeping |
|
Underwriters |
China CITIC Bank; China Merchants Bank |
|
Underwriting Mode |
Standby underwriting |
|
Issuing Mode |
Bookkeeping |
|
Issuing Date |
Jan. 20-21, 2016 |
|
Value Date |
Jan. 22, 2016 |
|
Payment Date |
Jan. 22, 2016 |
|
Circulation Date |
Jan. 25, 2016 |
|
Maturity Date |
Oct. 18, 2016 |
|
Issuer Rating |
AAA |
|
Interest accrue mode |
Single interest |
|
Rating |
A-1 |
|
Rating Agency |
China Chengxin International Credit Rating Co. Ltd. |
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