Jul. 31, 2012 (China Knowledge) - Beijing Sanju Environmental Protection & New Materials Co Ltd<300072> has said that it will issue RMB 200 million in unsecured bills with a maturity of 365 days on the interbank market on Aug. 7, 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 Aug. 8, and the to-be-issued bills are tradable on Aug. 9.
Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills A+ and A-1, respectively.
Bank of Beijing Co Ltd <601169
> has been assigned as book-runner and lead underwriter for the offering.
This will be the first short-term bills issued by the company this year.
In the first quarter of this year, the company's net profit rose 301.93% YoY to RMB 4.22 million and its core business revenue grew 120.89% to RMB 179.47 million.