Feb. 3, 2012 (China Knowledge) - China Juli Group said today that it would issue RMB 400 million 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 will be determined during the process of bookbuilding.
Both value date and payment due date is set at February 10, and the to-be-issued bills are tradable on February 10.
China Lianhe Credit Rating Co Ltd has rated the bills and the issuer A-1 and AA-, respectively.
China CITIC Bank Corp<601998
> and Bank of Communications<601328
> will be joint lead underwriters for the offering.
Proceeds from the offering will be used to replenish the working capital of the firm's subsidiaries Juli Sling Co<002342> and Juli New Energy Co.