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Shanxi Intnl Energy Group to issue RMB 800 mln bills

May. 14, 2012 (China Knowledge) – Shanxi International Energy Group Co Ltd, announced today that it will issue RMB 800 million worth of 365-day unsecured bills on the interbank market on May 17.

The company said in a statement that the bills will be issued at face value, and coupon rate will be determined during the process of book building.

Both value date and payment due dateisset on May 21, and the to-be-issued bills are tradableMay 22.

Proceeds from the issue will be used to replenish working capital, said the issuer.

China Lianhe Credit Rating Co Ltd has rated the issuer and the bills AA and A-1, respectively.

China CITIC Bank Corp<601998><0998>and CITIC Securities Co<600030><6030>, have been assigned as the jointlead underwriter for the offering.

This will be the issuer's first short-term bill this year.






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