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

Financial Market
 Search News  Or
China North Industries to issue RMB 1.5bln bills

May. 15, 2012 (China Knowledge) – China North Industries Group Corp, the nation's largest arms manufacturer,announced that it plans to issue RMB 1.5billion worth of short-term bills with a maturity of 365 days on the interbank market on May 18.

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

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

China Cheng Xin International Credit Rating Co Ltd has rated the issuer and the bills AAA and A-1, respectively.

China Everbright Bank Co Ltd<601818> and Agricultural Bank of China Ltd<601288><1288> have been assigned as the joint lead underwriterfor the offering.

The company said that all the proceeds will be used to replenish working capital.

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