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Guangzhou Automobile Industry Group to issue RMB 500 mln bills

Mar. 26, 2012 (China Knowledge) - Guangzhou Automobile Industry Group Co, the parent company of Guangzhou Automobile Group Co Ltd<2238>, announced that it plans to issue RMB 500 million worth of 365-day unsecured bills on the interbank market on Mar. 28, the sources reported.

Coupon rate will be determined in the process of book-building and the bills will be issued at face value. Both value date and payment due date is on Mar. 29, and the to-be-issued bills  tradable on Mar. 30.
 
China Lianhe Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.

China Construction Bank Co<601939><0939> has been hired as lead underwriter for the offering.

This will be the second short-term bills issued by the company this year.






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