Markets > Bonds

Sinochem to issue RMB3bln 60D bills Jan. 25

BEIJING
2016-01-22 11:01

Already collect

Sinochem Co. of China announced Friday that it would issue 3 billion yuan worth of 60-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)

Sinochem Co.

Guarantee

unsecured

Registered amount

RMB 20 bln

Offering amount

RMB 3 bln

Term

60D

Par Value

RMB100

Issuing Rate

To be decided by results of bookkeeping

Underwriters

Industrial Bank Co. Ltd; ICBC

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

Mar. 26, 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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