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Shaanxi Communication Construction to issue RMB 2 bln in bills

Jun. 19, 2012 (China Knowledge) - Shaanxi Provincial Communication Construction Group has announced that it plans to issue RMB 2 billion 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.
China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AA- and A-1, respectively.

China Development Bank Co Ltd has been hired as book-runner and lead underwriter for the offering. Distributors included Haitong Securities Co Ltd<600837><6837> and Hongyuan Securities Co<000562>.

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