Aug. 2, 2012 (China Knowledge) - Shanghai Xinhua Media Co Ltd<600825> has said that it plans to issue RMB 500 million worth of unsecured medium-term notes with a maturity of three years on the interbank market on Aug. 8.

The company 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 on Aug. 9 and the to-be-issued notes tradable on Aug. 10.

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and notes AA and AA, respectively.
 
Bank of Shanghai has been hired as book-runner and lead underwriter for the offering, and China Construction Bank Co<601939><0939> will be joint underwriter.
 
In the first quarter of this year, the company's net profit fell 36.21% YoY to RMB 26.07 million and its core business revenue dropped 11.53% to RMB 395.64 million.