Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Energy & Commodities
 Search News  Or
State Grid to issue RMB 15 bln in corporate bonds

Apr. 13, 2012 (China Knowledge) - State Grid Corp of China, the nation's largest power supplier, announce it plans to issue RMB 15 billion worth of fixed-rate corporate bonds from Apr. 17.

The company plans to issue RMB 5 billion ten-year bonds and RMB 10 billion 15-year bonds.

State Grid will auction the bonds on the inter-bank market on Apr. 16.

The interest rate for the ten-year bonds has been set between 4.16% and 5.16%, and the 15-year bonds between 4.26% and 5.26%.

Value date is Apr. 17 and payment due date is Apr. 18. Interest will be paid annually.

China Lianhe Credit Rating Co Ltd has rated the issuer and the bonds AAA, AAA, respectively.

Yingda Securities and Southwest Securities<600369> are lead underwriters for the offering. CITIC Securities Co<600030>, China International Capital Corp, China Merchants Securities Co<600999> and China Investment Securities will be main underwriters.

State Grid plans to use RMB 10 billion of the proceeds to fund project construction, RMB 3 billion to replenish its working capital and the remaining RMB 2 billion to repay bank loans.

Add this     
Copyright © "2015"

Send feedback or comments to:

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


 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