Jun. 27, 2012 (China Knowledge) - Shaanxi Huashang Media Group Co said that it plans to issue RMB 400 million worth of unsecured short-term bills with a maturity of 365 days on the interbank market on Jul. 4.
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 Jul. 5 and the to-be-issued bills tradable on Jul. 6.
China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AA- and A-1, respectively.
Bank of Beijing Co Ltd <601169
> has been hired as book-runner and lead underwriter for the offering.
In the first nine months of 2011, the group's net profit was RMB 298 million and its operating revenue was RMB 1.66 billion.