JD Cement Co. of China announced Friday that it would issue 500 million yuan worth of 270-day bills on January 25.
The money raised will be used to repay debts owed to financial institutions.
The details for the bills issue are as follows:
Issuer (full name) |
JD Cement Co. |
Guarantee |
unsecured |
Registered amount |
RMB 5 bln |
Offering amount |
RMB 500 mln |
Term |
270D |
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. 25, 2016 |
Value Date |
Jan. 27, 2016 |
Payment Date |
Jan. 27, 2016 |
Circulation Date |
Jan. 28, 2016 |
Maturity Date |
Oct. 23, 2016 |
Issuer Rating |
AA+ |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
China Lianhe Credit Rating Co., Ltd |
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