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Jushi Grp to issue RMB 600 mln 270-day bills

Jun 12, 2016 (China Knowledge) - Jushi Group Co., Ltd, which manufactures fiberglass products, has announced that it will issue RMB 600 million unsecured super short term bills with a maturity of 270 days on the interbank market on Jun 13.

The corporation said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding.

Both value date and payment due date is set on Jun 15, and the to-be-issued bills tradable on Jun 16.

China Chengxin International Credit Rating Co., Ltd has rated the issuer at AA+. The rating agency's view of issuer repayment's ability is strong, and potential unfavorable external economic factors will have little negative impact. The possibility of default is considered lowest.

China Citic Bank Co., Ltd<601998><0998> has been mandated as lead underwriter and bookrunner. China Minsheng Banking Co., Ltd<600016><1988> will be the joint lead underwriter.

This will be the issuer's first super short term bills this year.

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