China Eastern Airlines Co. of China announced Monday that it would issue 2.3 billion yuan worth of 270-day bills on January 19.
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 Eastern Airlines Co. |
Guarantee |
unsecured |
Registered amount |
RMB 10 bln |
Offering amount |
RMB 2.3 bln |
Term |
270D |
Par Value |
RMB100 |
Issuing Rate |
To be decided by results of bookkeeping |
Underwriters |
China Minsheng Banking; China Development Bank |
Underwriting Mode |
Standby underwriting |
Issuing Mode |
Bookkeeping |
Issuing Date |
Jan. 19, 2016 |
Value Date |
Jan. 20, 2016 |
Payment Date |
Jan. 20, 2016 |
Circulation Date |
Jan. 21, 2016 |
Maturity Date |
Oct. 16, 2016 |
Issuer Rating |
AAA |
Interest accrue mode |
Single interest |
Rating |
A-1 |
Rating Agency |
Dagong Global Credit Rating Co., Ltd. |
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