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Dun'an Artificial Environment to issue RMB 1.2 bln bonds

Jul. 25, 2012 (China Knowledge) - Zhejiang Dun'an Artificial Environment Co<002011>, mainly engaged in the manufacture and sale of general refrigeration equipment and accessories, announced today that it plans to issue RMB 1.2 billion of secured bonds from Jul. 27 to Jul. 31.

The company said in a statement that the bonds, with a maturity of five years, will be issued at face value and coupon rate be set between 5.30% and 5.80%.

The issuer and bonds have been rated AA and AA, respectively.

Credit Suisse Founder Securities has been hired as lead underwriter for the offering.

In the first quarter of this year, the company's net profit was RMB 72.74 million, up 12.11% YoY, and its core business revenue rose 13.84% to RMB 1.28 billion.

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