Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
Wuhan Department Store Group to issue RMB 300 mln bills

May. 22, 2012 (China Knowledge) – Wuhan Department Store Group Co Ltd<000501> announced yesterday that it plans to issue RMB 300 million of short-term bills with a maturity of 365 days on the interbank market on May 28.

According to a statement, the company said that the bills will be issued at the face value, and the coupon rate will be determined in the process of bookbuilding.

Both value date and payment due date is set on May 29, and the to-be-issued bills tradable May 30.

RMB 28.5 million of the proceeds will be used to repay bank loans and the remaining RMB 271.5 million will be used to replenish working capital, said the issuer.

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

China Merchants Bank<600036><3968> has been assigned as the lead underwriter and bookrunner for the offering.

This will be the issuer's first short-term bill this year, sources reported.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved