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COFCO to issue RMB 3.5 bln in 90-day bills

Jul. 16, 2012 (China Knowledge) - China's state-owned COFCO Corp, a leading grain, oil and foodstuff import and export group in the country, announced that it plans to issue RMB 3.5 billion in super short-term bills with a maturity of 90 days on the interbank market today.

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

Both value date and payment due date is set on Jul. 17 and the to-be-issued bills tradable Jul. 18.

China Lianhe Credit Rating Co Ltd has rated the issuer AAA.

Agricultural Bank of China Ltd or ABC<601288><1288> has been assigned as lead underwriter and book-runner, and China Merchants Bank<600036><3968> will be the joint lead underwriter for the offering.
 
This will be the second super short-term bills issued by the company this year.







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