Apr. 19, 2012 (China Knowledge) - Beijing
Urban Construction Group Co, the parent of Beijing
Urban Construction Investment & Development Co Ltd<600266
>, has announced that it plans to issue RMB 1 billion worth of unsecured medium-term notes with a maturity of three years on the interbank market on Apr. 25.
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. 26, and the to-be-issued notes are tradable on Apr. 27.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.
Bank of Beijing Co Ltd <601169
> has been hired as lead underwriter for the offering.