Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Financial Market
 Search News  Or
Gansu Provincial Highway Aviation to issue RMB 3 bln in bonds

Jan. 9, 2012 (China Knowledge) - Gansu Provincial Highway Aviation Tourism Investment Group Co Ltd said today that it will issue RMB 3 billion worth of bonds on the interbank bond market on January 16.

The company said in a statement that it will issue RMB 2.5 billion in seven-year bonds and RMB 500 million in three-year bonds.

The bonds will be issued at face value, and the coupon rate will be determined during the process of bookbuilding.

Both value date and payment due date is January 17 and the to-be-issued bonds are tradable on January 18.

The company will use RMB 1.6 billion of the proceeds to fund road construction, RMB 500 million to replenish its working capital and RMB 900 million to repay bank loans.

Dagong Global Credit Rating Co Ltd has rated the issuer and bonds AA+ and AA+, respectively.

China Development Bank has been hired as lead underwriter for the deal.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved