Apr. 16, 2012 (China Knowledge) - Shenzhen Yantian Port Group, the parent of Shenzhen Yan Tian Port Holdings Co<000088
>, has announced that it plans to issue RMB 3 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Apr. 23.
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. 24, and the to-be-issued notes are tradable on Apr. 25.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
China Development Bank has been hired as book-runner and lead underwriter for the offering, Bank of China Ltd<601988
> will be joint lead underwriter.