May. 18, 2012 (China Knowledge) - Baotou Iron & Steel (Group) Co Ltd or Baogang Group has announced that it plans to issue RMB 3 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on May 25.
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 29, and the to-be-issued notes tradable on May 30.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively. Shanghai
Pudong Development Bank<600000
> has been hired as book-runner and lead underwriter for the offering, and Bank of China Ltd<601988
> will be joint lead underwriter.