Jul. 6, 2012 (China Knowledge) - Shanghai International Port Group Co<600018
>, China's largest port operator, announced that it plans to issue RMB 2 billion in super short-term bills with a maturity of 270 days on the interbank market Jul. 11.
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. 13 and the to-be-issued bills tradable on Jul. 16.
Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AAA and A-1, respectively.
China Merchants Bank<600036
> and Bank of Communications<601328
> have been hired as joint lead underwriters for the offering.
This will be the second short-term bills issued by the company this year.
In the first quarter of this year, the group's net profit was RMB 923 million and its operating revenue was RMB 5.98 billion.