Jul. 12, 2012 (China Knowledge) - State-owned China Aerospace Science and Industry Corp (CASIC) has announced that it plans to issue RMB 3 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Jul. 18.
The company said in a statement that the notes will be issued at face value and coupon rate will be determined during the process of book-building.
Both value date and payment due date is Jul. 19 and the to-be-issued notes tradable on Jul. 20.
China Lianhe Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
China Construction Bank Co<601939><0939> has been hired as book-runner and lead underwriter for the deal and China Merchants Bank<600036><3968> will be joint lead underwriter.
This will be the first medium-term notes issued by the company this year.