Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Company - Domestic
 Search News  Or
Tianrui Group Cement to issue RMB 500 mln in bills

Apr. 23, 2012 (China Knowledge) - Newly-listed China Tianrui Group Cement Co <1252> announced today that it plans to issue RMB 500 million worth of 365-day unsecured bills on the interbank market on Apr. 26, 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. 27 and the to-be-issued bills tradable on Apr. 28.
 
Dagong Global Credit Rating Co Ltd has rated the issuer AA and A-1, respectively.

China Guangfa Bank has been hired as joint lead underwriter for the offering.

China Tianrui Group plans to use RMB 350 million of the proceeds to repay bank loans and the remaining RMB 150 million to replenish its working capital.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

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

 E-Store

 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