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China Huadian to issue RMB 6 bln in bills

Jun. 20, 2012 (China Knowledge) - China Huadian Corp, one of the five largest state-owned power generation enterprises in the country, has announced that it plans to issue RMB 6 billion in super short-term bills with a maturity of 270 days on the interbank market today.

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. 21 and the to-be-issued bills tradable on Jun. 22.
 
Dagong Global Credit Rating Co Ltd has rated the issuer AAA.

China Everbright Bank Co Ltd<601818> and China Construction Bank Co<601939><0939> have been hired as joint lead underwriters for the offering.

Proceeds from the deal will be used to repay bank loans.







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