Apr. 27, 2012 (China Knowledge) - Zhongjin Gold<600489
>, China's largest publicly-traded gold miner by market share, has announced that it plans to issue RMB 600 million worth of 365-day unsecured bills on the interbank market on May 3, 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 May 4 and the to-be-issued bills tradable on May 7.
China Lianhe Credit Rating Co Ltd has rated the issuer AAA and A-1, respectively.
Bank of Communications<601328
> has been hired as book-runner and lead underwriter for the offering, and Huaxia Bank Co Ltd<600015
> will be joint lead underwriter.
Zhongjin Gold has reported a net profit of RMB 412 million for the first quarter, 24.67% more than in the same period of last year. The company's operating revenue surged 52.31% year on year to RMB 6.44 billion in the period.