Jul. 3, 2012 (China Knowledge) - China Huadian Corp, one of the five largest state-owned power generation enterprises in the country, has announced that it plans to issue RMB 6 billion in super short-term bills with a maturity of 270 days on the interbank market tomorrow.
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.
Dagong Global Credit Rating Co Ltd has rated the issuer AAA.
China Everbright Bank Co Ltd<601818> and China Construction Bank Co<601939
> have been hired as joint lead underwriters for the offering.
Proceeds from the deal will be used to repay the group's bank loans.