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Shenzhen Airport to issue RMB 200 mln in bills

May. 28, 2012 (China Knowledge) - Shenzhen Airport Co Ltd<000089>, the operator of Shenzhen Airport in Guangdong Province, announced today that it plans to issue RMB 200 million worth of 365-day unsecured bills on the interbank market on May 31, 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 Jun. 4 and the to-be-issued bills tradable on Jun. 5.
China Lianhe Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.

Shanghai Pudong Development Bank<600000> has been hired as book-runner and lead underwriter for the offering.

In the first quarter of this year, the company's net profit rose 5.85% YoY to RMB 183.43 million, and its core business revenue grew 7.78% to RMB 530.54 million.

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