Jul. 4, 2012 (China Knowledge) - China United Network Communications Co, also known as China Unicom, announced today that it plans to issue RMB 15 billion in short-term bills with a maturity of 365 days on the interbank market Jul. 11.
Coupon rate will be determined in the process of book-building and the bills be issued at face value.
Both value date and payment due date is Jul. 12 and the to-be-issued bills tradable on Jul. 13.
China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.
Bank of China Ltd<601988
> has been hired as book-runner and lead underwriter for the offering, and China Construction Bank Co<601939
> will be joint lead underwriter.
In the first quarter of this year, the company's net profit was RMB 1.01 billion, and its operating revenue was RMB 62.82 billion.