Apr. 11, 2012 (China Knowledge) - Guangzhou
Metro Corp has announced that it plans to issue RMB 2 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Apr. 13.
The group said in a statement that the notes will be issued at face value and coupon rate will be determined in the process of book-building.
Both value date and payment due date is Apr. 16, and the to-be-issued notes are tradable on Apr. 17.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
Bank of China Ltd<601988
> has been hired as book-runner and lead underwriter for the offering, and China Construction Bank Co<601939
> will be joint lead underwriter.
This will be the first medium-term notes issued by the company this year.