May. 8, 2012 (China Knowledge) - State-owned Beijing
Drainage Group Co Ltd announced that it plans to issue RMB 1.5 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on May 15.
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 17, and the to-be-issued notes are tradable on May 18.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
Bank of Beijing
Co Ltd <601169
> has been hired as book-runner and lead underwriter for the offering.
In a separate statement, the group said that it plans to issue RMB 200 million of 365-day bills on May. 15.