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Jiangsu Communication Holding to issue RMB 2.3 bln in bills

May. 15, 2012 (China Knowledge) - Jiangsu Communication Holding Co announced today that it plans to issue RMB 2.3 billion worth of 365-day unsecured bills on the interbank market on May 22.

The company said in a statement that the bills 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 bills tradable on May 24.

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

China Everbright Bank Co Ltd<601818> has been hired a book-runner and lead underwriter for the offering, and China Merchants Bank<600036><3968> will be joint lead underwriter.

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