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
> will be co-lead underwriter.