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Tianjin Port to issue RMB 3 bln in bills

Jun. 20, 2012 (China Knowledge) - Tianjin Port (Group) Co Ltd, the largest port operator in North China, has announced that it plans to issue RMB 2.5 billion in short-term bills with a maturity of 365 days on the interbank market on Jun. 25.
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 AAA and A-1, respectively.

China Merchants Bank<600036><3968> has been hired as book-runner and lead underwriter for the offering.

In 2011, the group's cargo throughput exceeded 430 million metric tons and its container throughput was 11.5 million twenty-foot equivalent units, and both are the highest levels on record.

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