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Sichuan Expressway Construction to issue RMB 3 bln MTN

Jun. 25, 2012 (China Knowledge) - Sichuan Expressway Construction & Development Corp has said that it plans to issue RMB 3 billion worth of secured medium-term notes with a maturity of five years on the interbank market on Jun. 29.

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 Jul. 2 and the to-be-issued notes tradable on Jul. 3.

China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA and AA+, respectively.
 
China Development Bank has been hired as book-runner and lead underwriter for the offering.







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