Jul. 6, 2012 (China Knowledge) - China National Building Materials Group Corp, the parent firm of China National Building Material Co<3323
>, announced that it will plan to issue RMB 1.8 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Jul. 12.
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. 13 and the to-be-issued notes tradable on Jul. 16.
China Lianhe Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
China Construction Bank Co<601939
> has been hired as book-runner and lead underwriter for the offering.
In 2011, the group's net profit surged 84 YoY to RMB 10.7 billion and its operating revenue jumped 42% to RMB 191.8 billion.