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Yingkou Port Group to issue RMB 1.2 bln in bills

Apr. 20, 2012 (China Knowledge) - Yingkou Port Group Co Ltd, the second-largest port in Northeast China, announced that it plans to issue RMB 1.2 billion worth of 365-day unsecured bills on the interbank market on Apr. 27, sources reported.

Coupon rate will be determined in the process of book-building and the bills be issued at face value. Both value date and payment due date is Apr. 28 and the to-be-issued bills tradable on May 2.
Dagong Global Credit Rating Co Ltd has rated the issuer AA and A-1, respectively.

China Merchants Bank<600036><3968> has been hired as joint lead underwriter for the offering.

Yingkou Port Group is the parent company of Yingkou Port Liability Co Ltd<600317>.

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