Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
Gemeng Int’l Energy to issue RMB 1.5 bln notes

Jun. 14, 2012 (China Knowledge) – Gemeng International Energy Co Ltd, which is mainly engaged in power generation, real estate and tourism industry, announced that it plans to issue RMB 1.5 billion worth of medium-term notes with a maturity of three years on the interbank market on Jun 21.

The company said in a statement that the notes will be issued at the face value, and the coupon rate will be determined in the process of book-building.

Both value date and payment due date is Jun 25 and the to-be-issued notes are tradable on Jun 26.

Dagong Global Credit Rating Co Ltd has rated the issuer and the bills AA+ and AA+, respectively.

China Development Bank or CDB has been assigned as lead underwriter and bookrunner. China Everbright Bank Co Ltd<601818> will be the joint lead underwriter for the offering.

The issuer said that RMB 1.2 billion of the proceeds will be used to repay bank loans while the remaining RMB 300 million will be used to replenish working capital.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved