Markets > Bonds

China Telecom to issue RMB10bln 90D bills Jan. 21

BEIJING
2016-01-20 11:17

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China Telecom Co. of China announced Wednesday that it would issue 10 billion yuan worth of 90-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)

China Telecom Co.

Guarantee

unsecured

Registered amount

RMB 50 bln

Offering amount

RMB 10 bln

Term

90D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

ICBC; China Minsheng Banking

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

Apr. 22, 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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