May. 30, 2012 (China Knowledge) - Beijing
Capital Development Holding (Group) Co Ltd, the parent company of Beijing
Capital Development Co Ltd<600376
>, a Beijing-based
real estate developer, has issued RMB 1.6 billion worth of bonds with a maturity of seven years on the interbank market starting from May 29 to May 31.
Coupon rate will be 5.95%. Both value date and payment due date is set on Jun. 29.
Proceeds from the issue will be used to repay bank loans and replenish working capital, said the issuer.
Dagong Global Credit Rating Co Ltd has rated the issuer and bonds AA+ and AA+, respectively.
GF Securities Co Ltd<000776> and BOC International (China) Ltd have been assigned as the lead underwriters.
As of Dec. 31, 2011, the issuer had RMB 76.94 billion in total assets and RMB 63.68 billion in total liabilities.