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.