May. 3, 2012 (China Knowledge) –Taiji Group Co Ltd, one of China's major pharmaceutical producer, announced that it will issue RMB 300 million worth of unsecured notes with a maturity of three years on the interbank market on May 9, sources reported.
Coupon rate will be determined in the process of bookbuilding. Both value date and payment due date is set on May.10, and the to-be-issued notes tradable on May. 11.
Proceeds from the issue will be used to repay bank loans and replenish working capital, said the issuer.China
Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA- and AA-, respectively.China
Everbright Bank Co Ltd<601818> has been assigned as the lead underwriters and bookrunner.
This will be the issuer's first medium-term note this year.