Feb. 1, 2012 (China Knowledge) - Zhejiang
Xinghe Group Co announced that it would issue RMB 600 million in bonds with a maturity of five years on the inter-bank market on February 7, sources reported.
The firm said in a statement that this batch of 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 set at February 9, and the to-be-issued bonds are tradable on February 10.
China Lianhe Credit Rating Co Ltd has rated the bills and the issuer AA and AA, respectively.
China CITIC Bank Corp<601998
> has been hired as book runner and lead underwriter for the deal.