Markets > Bonds

GAC Group to issue RMB2.3bln 366D bills Jan. 26

BEIJING
2016-01-21 10:04

Already collect

GAC Group Co. of China announced Thursday that it would issue 2.3 billion yuan worth of 366-day bills on January 26.

The money raised will be used to replenish operating capital.

The details for the bills issue are as follows:

Issuer (full name)

GAC Group Co.

Guarantee

unsecured

Registered amount

RMB 11 bln

Offering amount

RMB 2.3 bln

Term

366D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Bank of China; CICC

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jan. 26, 2016

Value Date

Jan. 28, 2016

Payment Date

Jan. 28, 2016

Circulation Date

Jan. 29, 2016

Maturity Date

Jan. 28, 2017

Issuer Rating

AAA

Interest accrue mode

Single interest

Rating

A-1

Rating Agency

China Lianhe Credit Rating Co., Ltd.

 

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