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Chalco to issue RMB 5 bln bills

Jul. 10, 2012 (China Knowledge) - Aluminum Corporation of China Ltd (Chalco)<601600><2600>, the country's largest aluminum producer, said today that it will issue RMB 5 billion in unsecured bills with a maturity of 365 days on the interbank market on Jul. 17, sources reported.

The company said that the bills will be issued at face value, and the coupon rate will be determined in the process of book-building.

Both value date and payment due date will be Jul. 18, and the to-be-issued bills are tradable on Jul. 19.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.
China Development Bank has been assigned as lead underwriter and book-runner for the bill offering, and Industrial and Commercial Bank of China<601398><1398> will be joint lead underwriter.
This will be the first short-term bills issued by the company this year.

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