Jul. 26, 2012 (China Knowledge) - Qinghai Communications Investment Co has announced that it plans to issue two tranches of unsecured medium-term notes worth a total of RMB 1 billon the interbank market on Jul. 31.
The company said in a statement that it will issue RMB 500 million in five-year notes and RMB 500 million in seven-year notes.
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 on Aug. 2 and the to-be-issued notes tradable on Aug. 3.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.
China Merchants Bank<600036
> has been hired as book-runner and lead underwriter for the deal.
This will be the second and third medium-term notes issued by the company this year.