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


 
Company - Domestic
 Search News  Or
China Three Gorges to issue RMB 10 bln in bills

Apr. 10, 2012 (China Knowledge) - China Three Gorges Corp, a state-owned hydropower enterprise, said yesterday that it plans to issue RMB 10 billion worth of 365-day unsecured bills on the interbank market on Apr. 12.

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. 13, and the to-be-issued bills tradable on Apr. 16.
 
China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.

Industrial and Commercial Bank of China<601398><1398> has been hired as lead underwriter for the offering, and China Minsheng Banking Corp Ltd<600016><1988> will be joint lead underwriter.
 
The group plans to use RMB 8 billion of the proceeds to repay bank loans and the remaining RMB 2 billion 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