Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Energy & Commodities
 Search News  Or
China Datang to issue RMB 5 bln bills

May. 10, 2012 (China Knowledge) – China Datang Corp, the second-largest electricity producer in China, has said it will issue RMB 5 billion in super short-term bills with a maturity of 90 days on the interbank market on May 11.

The electricity producer said in a statement that the bills will be issued at face value, and the coupon rate to be determined in the process of bookbuilding.

Both value date and payment due date is set on May 14, and the to-be-issued bills are tradable May 15.

RMB 2 billion of the proceeds will be used to replenish working capital while the rest RMB 3 billon to repay bank loans, said the issuer.

Dagong Global Credit Rating Co Ltd has rated the issuer AAA.

China Construction Bank Co<601939><0939> has been assigned as lead underwriter and bookrunner, and Industrial Bank Co Ltd<601166> will be the joint lead underwriter for the offering.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved