Markets > Bonds

Modern Farming Group to issue RMB500mln 270D bills Jan. 21

BEIJING
2016-01-20 11:02

Already collect

Modern Farming Group Co. of China announced Wednesday that it would issue 500 million yuan worth of 270-day bills on January 21.

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

The details for the bills issue are as follows:

Issuer (full name)

Modern Farming Group Co.

Guarantee

unsecured

Registered amount

RMB 2 bln

Offering amount

RMB 500 mln

Term

270D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriter

China Merchants Bank

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jan. 21, 2016

Value Date

Jan. 25, 2016

Payment Date

Jan. 25, 2016

Circulation Date

Jan. 26, 2016

Maturity Date

Oct. 21, 2016

Issuer Rating

AA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

Shanghai Brilliance Credit Rating & Investors Service Co., Ltd.

 

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