Apr. 10, 2012 (China Knowledge) - China Kunming
Urban Construction Investment Development Co Ltd intends to issue RMB 2.2 billion worth of fixed-rate corporate bonds with a maturity of six years on the interbank market by the end of this month, said a person familiar with the matter.
Coupon rate will be determined in the process of book-building. Qilu Securities and Guosen Securities have been assigned as the lead underwriters.
Pengyuan Credit Rating Co has rated the issuer and unsecured bonds AA+ and AA+, respectively.
No more details, including timetable, have yet been disclosed.
According to the issuer's website, the state-owned company, based in Kunming
Provine, has RMB 24.67 billion in total assets.
The company issued RMB 1.5 billion worth of corporate bonds in 2008 for urban construction.