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

Company - Domestic
 Search News  Or
Shagang Group to issue RMB 2 bln notes

Jun. 15, 2012 (China Knowledge) – Jiangsu Shagang Group Co, China's largest privately-owned steelmaker, said it plans to issue RMB 2 billion worth of medium-term notes with a maturity of five years in the interbank market on Jun 20.

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.

RMB 500 million of the proceeds will be used to replenish working capital while the remaining RMB 1.5 billion will be used to repay bank loans, said the issuer.

China Chengxin International Credit Rating Co Ltd has rated the issuer and the bills AA+ and AA+, respectively.

Agricultural Bank of China Ltd or ABC<601288><1288> has been assigned as lead underwriter and bookrunner. Bank of China <601988><3988> will be the joint lead underwriter for the offering.

This is the issuer's first medium-term notes this year and it plans to issue another RMB 2 billion worth of notes with a maturity of five years in the fourth quarter of 2012.

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