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Jingmei Group to issue RMB 600 mln MTN

Mar. 8, 2012 (China Knowledge) - Beijing Jingmei Group Co Ltd, formerly known as known as Beijing Coal Mining Bureau, has said that it will issue RMB 600 million worth of unsecured medium-term notes with a maturity of five years on Mar. 13.

The company said in a statement that the notes will be issued at face value, and the coupon rate be determined during the process of book building.

Both value date and payment due date is Mar. 14, and the to-be-issued notes tradable on Mar. 15.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.
Bank of Beijing Co Ltd <601169> has been hired as lead underwriter for the offering.

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