Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
China United Cement Group to issue RMB 1 bln in bills

Mar. 28, 2012 (China Knowledge) - China United Cement Group Co, a unit of China National Building Material Co<3323>, has announced that it plans to issue RMB1 billion worth of 365-day unsecured bills on the interbank market on Mar. 30, 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. 31, and the to-be-issued bills tradable on Apr. 1.
 
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA+ and A-1, respectively.

Agricultural Bank of China Ltd or ABC<601288><1288> has been hired as lead underwriter for the offering, and Shanghai Pudong Development Bank Co Ltd<600000> will be joint lead underwriter.

China United Cement Group plans to use RMB 800 million of the proceeds from the deal to repay shareholders' loans and the remaining RMB 200 million to replenish its working capital.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

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

 E-Store

 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