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Chitianhua Group to issue RMB 800 mln in MTN

Apr. 26, 2012 (China Knowledge) - Guizhou Chitianhua Group Co, the controller of Guizhou Chitianhua Co Ltd<600227>, has announced that it plans to issue RMB 800 million worth of unsecured medium-term notes with a maturity of five years on the interbank market on May 3.

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 May 4, and the to-be-issued notes are tradable on May 7.

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and notes AA and AA, respectively.

Bank of Shanghai and Shanghai Pudong Development Bank<600000> have been hired as joint lead underwriters for the offering.






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