Jun. 8, 2012 (China Knowledge) - Sichuan
Expressway Co Ltd<601107
>, which is principally engaged in the management of the Sichuan
Expressway, it plans to issue RMB 200 million worth of unsecured medium-term notes with a maturity of five years on the interbank market on Jun. 15.
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. 19 and the to-be-issued notes tradable on Jun. 20.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
China CITIC Bank Corp<601998
> has been hired as book-runner and lead underwriter for the offering.
Proceeds from the deal will be used to replenish the company's working capital.