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Sinohydro Group to issue RMB 2.5 bln in notes

Jul. 17, 2012 (China Knowledge) - Sinohydro Group Ltd<601669>, a Chinese dam builder, has announced that it plans to issue RMB 2.5 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Jul. 24.

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. 25 and the to-be-issued notes tradable on Jul. 26.

Dagong Global 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 Bank of Communications<601328><3328> will be joint lead underwriter.
 
This will be the second medium-term notes issued by the company this year.

In the first quarter of this year, the company's net profit was RMB 721 million and its operating revenue was RMB 24.2 billion.







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