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China Eastern Airlines to issue RMB2.3bln 270D bills Jan. 19

BEIJING
2016-01-18 14:20

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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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