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

Energy & Commodities
 Search News  Or
ChemChina to issue RMB 2.5 bln bills

Mar. 7, 2012 (China Knowledge) - China National Chemical Engineering Group Corp, or ChemChina, the parent of Shanghai-listed China National Chemical Engineering Co Ltd<601117>, has said it will issue RMB 2.5 billion worth of 365-day unsecured bills on the interbank market on Mar. 13.

Coupon rate will be determined in the process of book-building. Both value date and payment due date is set on Mar. 15, and the to-be-issued bills tradable Mar. 16.

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 AAA and A-1, respectively.

Export-Import Bank of China, one of the three government policy banks in China, has been assigned as the lead underwriter. China Construction Bank<601939><0939> will be the joint lead underwriter.

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

As of to date, the issuer had RMB 16.3 billion in bonds, sources reported.

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