Apr. 13, 2012 (China Knowledge) - GDH Ltd, an investment company controlled by the Guangzhou
government, capital city of Guangdong
Province, has announced that it plans to issue RMB 1.5 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Apr. 17.
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. 19, and the to-be-issued notes are tradable on Apr. 20.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
China CITIC Bank Corp<601998
> has been hired as lead underwriter for the offering. Proceeds from the deal will be used to repay bank loans.
This will be the first medium-term notes issued by the company this year.