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

Company - Domestic
 Search News  Or
Huatai Group to issue RMB 1.4 bln bills

Feb. 16, 2012 (China Knowledge) - Huatai Group, the parent of Shandong Huatai Paper Co Ltd<600308>, has announced plans to issue RMB 1.4 billion worth of 366-day unsecured bills on the interbank market from Feb. 22 to Feb. 23.

Coupon rate will be determined in the process of book-building. Both value date and payment due date is Feb. 24, and the to-be-issued bills tradable on Feb. 27.

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

China Lianhe Credit Rating Co Ltd has rated the issuer and bills AA and A-1, respectively.

Agricultural Bank of China Ltd<601288><1288> has been assigned as the lead underwriter and bookrunner.

This will be the issuer's first short-term bill this year, sources reported.

As of Sep. 30, 2011, the issuer had RMB 24.62 billion in total assets with debt/asset ratio of 71.06%.

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