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Shenzhen Maoye Department Store to issue RMB 800 mln bills

Jul. 24, 2012 (China Knowledge) - Shenzhen Maoye Department Store Co has said that it will issue RMB 800 million in unsecured bills with a maturity of 365 days on the interbank market on Jul. 26, sources reported.

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

Both value date and payment due date will be on Jul. 27, and the to-be-issued bills are tradable on Jul. 30.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AA and A-1, respectively.
Bank of China Ltd<601988><3988> has been assigned as book-runner and lead underwriter for the offering.
This will be the second short-term bills issued by the company this year.

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