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Advanced Technology & Materials to issue RMB 400 mln in bonds

Jul. 23, 2012 (China Knowledge) - Advanced Technology & Materials Co<000969> announced today that it plans to issue RMB 400 million of unsecured bonds from Jul. 25 to Jul. 27.

The company said in a statement that bonds will be issued at the face value and have a maturity of five years.

Coupon rate of the bonds will be set between 4.7% and 5.5%. The bonds have been rated AA.

Huatai United Securities Co has been hired as lead underwriter for the offering.

In the first quarter of this year, the company's net profit fell 5.47% YoY to RMB 41.26 million, while its operating revenue jumped 21.82% to RMB 936.15 million.

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