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China Tianrui Group Cement to issue RMB 200 mln notes

May. 4, 2012 (China Knowledge) - China Tianrui Group Cement Co<1252>, a leading clinker and cement producer in Henan and Liaoning provinces, has announced plans to issue RMB 200 million worth of notes with a maturity of three years on the interbank market on May 9.

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 May 11.

Proceeds from the issue will be all used to repay bank loans to optimize debt structure, said the issuer.

Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.

China Bohai Bank Co Ltd has been assigned as the lead underwriter and bookrunner. China Guangfa Bank will be the joint lead underwriter.

This will be the issuer's first medium-term note this year.






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