Jun. 18, 2012 (China Knowledge) - Taizhou
Traffic Industry Group Co announced today that it plans to issue RMB 500 million worth of unsecured medium-term notes with a maturity of five years on the interbank market on Jun. 26.
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. 28 and the to-be-issued notes tradable on Jun. 29.
China Lianhe Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.
Shanghai Pudong Development Bank<600000
> has been hired as book-runner and lead underwriter for the offering.
The group said it plans to float RMB 500 million more five-year medium-term notes in the third quarter.