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Dongming Petrochemical Group to issue RMB 6 mln in bills

Jun. 26, 2012 (China Knowledge) - Shandong Dongming Petrochemical Group Co has said that it plans to issue RMB 600 million worth of unsecured short-term bills with a maturity of 365 days on the interbank market on Jun. 28.
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. 29 and the to-be-issued bills tradable on Jul. 2.
China Lianhe Credit Rating Co Ltd has rated the issuer and bills AA- and A-1, respectively.

China Construction Bank Co<601939><0939> has been hired as book-runner and lead underwriter for the offering, and Shanghai Pudong Development Bank<600000> will be joint lead underwriter.
In the first quarter of this year, the company's net profit was RMB 70.02 million and its operating revenue was RMB 3.79 billion.

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