Markets > Bonds

Air China to issue RMB1bln 95D bills Jan. 25

BEIJING
2016-01-22 10:43

Already collect

Air China Co. of China announced Friday that it would issue 1 billion yuan worth of 95-day bills on January 25.

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)

Air China Co.

Guarantee

unsecured

Registered amount

RMB 8 bln

Offering amount

RMB 1 bln

Term

95D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

China Construction Bank; Bank of Communications

Underwriting Mode

Standby underwriting

Issuing Mode

Bookkeeping

Issuing Date

Jan. 25, 2016

Value Date

Jan. 26, 2016

Payment Date

Jan. 26, 2016

Circulation Date

Jan. 27, 2016

Maturity Date

Apr. 30, 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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