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Hefei Construction Investment to issue RMB 3.5 bln in MTN

May. 7, 2012 (China Knowledge) - Hefei Construction Investment and Holding Co Ltd announced that it plans to issue RMB 3.5 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on May 14.

The company 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 15, and the to-be-issued notes are tradable on May 16.

China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.

China Development Bank has been hired as book-runner and lead underwriter for the offering.

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