Apr. 2, 2012 (China Knowledge) - Meihua Holdings Group Co Ltd<600873> has announced that it will issue RMB 900 million worth of unsecured medium-term notes with a maturity of three years on Apr. 5.
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 Apr. 6, and the to-be-issued notes tradable on Apr. 9.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.
China Merchants Bank<600036
> has been hired as lead underwriter for the offering, and Industrial and Commercial Bank of China<601398
> will be joint lead underwriter.
Proceeds from the offering will be used to repay bank loans.