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

Financial Market
 Search News  Or
China Nuclear Engineering and Const to issue RMB 1 bln bills

Jan. 30, 2012 (China Knowledge) - State-owned China Nuclear Engineering and Construction (Group) Corp has announced plans to issue RMB 1 billion worth of 366-day unsecured bills on the interbank market on February 2, sources reported.

Coupon rate will be determined in the process of book-building. Both value date and payment due date will be February 3, and the to-be-issued bills are tradable on February 6.

Proceeds from the issuance will be used to repay bank loans and replenish working capital, said the issuer.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.

Bank of China<601988><3988> has been assigned as the lead underwriter and bookrunner. China Zheshang Bank will be the joint lead underwriter.

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

At the end of last September, the issuer had RMB 23.67 billion in total assets and RMB 20.06 billion in total liabilities, and the firm's debt/asset ratio was 84.75%.

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