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Brilliance Auto Group to issue RMB 1 bln in bills

Mar. 7, 2012 (China Knowledge) - Brilliance Auto Group Holdings Ltd, the parent company of Brilliance China Automotive Holding Ltd<1114>, has said it will issue RMB 1 billion worth of 365-day unsecured bills on the interbank market on Mar. 12, sources reported.

The bonds will be issued at face value and coupon rate be determined in the process of book-building.

Both value date and payment due date is Mar. 13, and the to-be-issued bills tradable on Mar. 14.
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA and A-1, respectively.

China Development Bank has been assigned as the lead underwriter and bookrunner for the offering.

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