Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Financial Market
 Search News  Or
Zhejiang Materials Industry Group to issue RMB 1 bln bills

Jul. 11, 2012 (China Knowledge) - Zhejiang Materials Industry Group Corp, a state-owned enterprise mainly engaged in domestic and international trade of productive materials, has said that it will issue RMB 1 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 AA+ and A-1, respectively.
Industrial and Commercial Bank of China<601398><1398> has been assigned as lead underwriter and book-runner for the bill offering, and China CITIC Bank Corp<601998><0998> will be joint lead underwriter.
This will be the first short-term bills issued by the company this year.

In the first quarter of 2012, the group’s net profit was RMB 380 million and its operating revenue was RMB 1.62 billion.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved