Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Company - Domestic
 Search News  Or
China Minmetals to issue RMB 3 bln in bills

Feb. 2, 2012 (China Knowledge) - China Minmetals Corp, the country's largest state-owned metal and mineral producer and trader, said yesterday that it would issue RMB 3 billion in unsecured bills with a maturity of 366 days on the inter-bank market on February 8.

The firm said in a statement that the bills will be issued at face value, and the coupon rate to be determined during the process of bookbuilding.

Both value date and payment due date is set on the February 9, and the to-be-issued bills are tradable on February 10.
 
China Chengxin International Credit Rating Co Ltd has rated the bills and the issuer A-1 and AA+, respectively.

China Everbright Bank Co Ltd<601818> is hired as lead underwriter for the deal.

The group will use RMB 1.5 billion of the proceeds to replenish its working capital and RMB 1.5 billion to repay bank loans.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

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

 E-Store

 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