May. 15, 2012 (China Knowledge) - Huadian Power International Corp<600027
>, China's largest independent power producer, announced today that it plans to issue RMB1.5 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on May 22.
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 23, and the to-be-issued notes tradable on May 24.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
China International Capital Corp and China Merchants Bank<600036
> have been hired as joint lead underwriters for the offering.