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Xizi Elevator Group to issue RMB 800 mln in bills

May. 17, 2012 (China Knowledge) - Xizi Elevator Group Co, a core unit of Xizi UHC, announced that it plans to issue RMB 800 million worth of 365-day unsecured bills on the interbank market on May 24, sources reported.

Coupon rate will be determined in the process of book-building and the bills be issued at face value.

Both value date and payment due date is May 25 and the to-be-issued bills tradable on May 28.
Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AA- and A-1, respectively.

Bank of Beijing Co Ltd <601169> has been hired as book-runner and lead underwriter for the offering, and China Merchants Bank<600036><3968> will be co-lead underwriter.

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