Jul. 16, 2012 (China Knowledge) - China Gezhouba Group Co Ltd<600068>, mainly engaged in construction
projects, said it will issue RMB 1.8 billion in unsecured bills with a maturity
of 365 days in the interbank market on Jul. 18.
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.
value date and payment due date is set on Jul. 19, and the to-be-issued bills
are tradable Jul. 20.
Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AAA
and A-1, respectively.
Bank of China has been assigned as book-runner and lead
underwriter for the offering, and China
Construction Bank Co<601939><0939> will be joint lead underwriter.
will be the first short-term bills issued by the company this year.
first quarter of this year, the company's net profit was RMB 422.88 million, up
1.17% YoY, and its operating revenue was RMB 11.67 billion, up 22.39% YoY.