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China National Biotec to issue RMB 800 mln notes

May. 7, 2012 (China Knowledge) - China National Biotec Group<600161>, formerly known as Beijing Tiantan Biological Products Corp, has announced plans to issue RMB 800 million worth of unsecured notes with a maturity of three years on the interbank market on May 10.

Coupon rate will be determined in the process of bookbuilding. Both value date and payment due date is set on May 11, and the to-be-issued notes tradable May 14.

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.

Industrial Bank Co Ltd<601166> has been assigned as the lead underwriter and bookrunner. Bank of Communications<601328><3328> will be the joint lead underwriter.

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






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