Apr. 2, 2012 (China Knowledge) - Telling Telecommunication Holding Co Ltd has announced that it plans to issue RMB 400 million worth of 365-day unsecured bills on the interbank market on Apr. 10, 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 Apr. 11, and the to-be-issued bills tradable on Apr. 12.
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA- and A-1, respectively.
Bank of Beijing Co Ltd <601169
> has been hired as book-runner and lead underwriter for the offering.
As of to date, the company has RMB 400 million of medium-term notes.