May. 30, 2012 (China Knowledge) - China Shandong Dazhong News (Group) Co has announced that it plans to issue RMB 500 million worth of unsecured medium-term notes with a maturity of three years on the interbank market on Jun. 5.
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 Jun. 6, and the to-be-issued notes tradable on Jun. 7.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.
Industrial and Commercial Bank of China<601398
> has been hired as book-runner and lead underwriter for the offering.
In the first nine months of 2011, the group's net profit was RMB 240 million and its operating revenue was RMB 1.41 billion.