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China Guangdong Nuclear Power to issue RMB 5 bln in bills

Mar. 15, 2012 (China Knowledge) - China Guangdong Nuclear Power Holding Corp or CGNPC, a clean energy enterprise under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council, announced that it plans to issue RMB 5 billion worth of 365-day unsecured bills on the interbank market on Mar. 19.

Coupon rate will be determined in the process of book-building and the bills be issued at face value. Both value date and payment due date is Mar. 21, and the to-be-issued bills tradable on Mar. 22.

Proceeds from the issue will be used to repay bank loans.

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

Agricultural Bank of China Ltd or ABC<601288><1288> and the Export-Import Bank of China have been hired as joint lead underwriters for the offering.

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