Markets > Bonds

Sinopharm to issue RMB600mln 180D bills Jan. 20

BEIJING
2016-01-19 11:18

Already collect

Sinopharm Co. of China announced Tuesday that it would issue 600 million yuan worth of 180-day bills on January 20.

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)

Sinopharm Co.

Guarantee

unsecured

Registered amount

RMB 12 bln

Offering amount

RMB 600 mln

Term

180D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

Bank of China

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. 25, 2016

Maturity Date

Jul. 20, 2016

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Credit Rating Co. Ltd.

 

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