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Jiangsu Huajian Construction to issue RMB 200 mln in bills

Jun. 19, 2012 (China Knowledge) - Jiangsu Huajian Construction Co has announced that it plans to issue RMB 200 million worth of 365-day unsecured bills on the interbank market on Jun. 26, sources reported.

Coupon rate will be determined in the process of book-building and the bills be issued at face value.

Both value date and payment due date is Jun. 27, and the to-be-issued bills tradable on Jun. 28.
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA- and A-1, respectively.

China Everbright Bank Co Ltd<601818> has been hired as book-runner and lead underwriter for the offering.
In the first nine months of 2011, the company's net profit was 31.60 million and its operating revenue was RMB 2.20 billion.

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