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Xinjiang Tianshan Cement to issue RMB 400 mln bills

Jul. 19, 2012 (China Knowledge) - Xinjiang Tianshan Cement Co Ltd<000877>, a cement and concrete manufacturer based in the Xinjiang Uygur Autonomous Region, said that it plans to issue RMB 400 million in short-term bills with a maturity of 365 days on the interbank market on Jul 24, sources reported.

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 26, and the to-be-issued bills tradable Jul 27.

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and the bills AA and A-1, respectively.

Shanghai Pudong Development Bank<600000> has been assigned as the lead underwriter and book-runner for the offering.

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