May. 4, 2012 (China Knowledge) - Dongfang Electric Corp has announced that it plans to issue RMB 5 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on May 10.
The group said in a statement that the notes will be issued at face value and coupon rate will be determined in the process of book-building.
Both value date and payment due date is May 11, and the to-be-issued notes are tradable on May 14.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
Bank of China Ltd<601988
> has been hired as lead underwriter for the offering.