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Shanxi Int'l Electricity Group to issue RMB 500 mln bills

Jun. 21, 2012 (China Knowledge) - Stated-owned Shanxi International Electricity Group Ltd Co, which is principally engaged in thermal power production and electricity supply, has said 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. 27 and the to-be-issued notes tradable on Jun. 28.

China Lianhe Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
China Everbright Bank Co Ltd<601818> has been hired as book-runner and lead underwriter for the offering.

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