Aug. 3, 2012 (China Knowledge) - Hunan
TV & Broadcast Intermediary Co has said that it plans to issue RMB 500 million worth of unsecured medium-term notes with a maturity of five years on the interbank market on Aug. 8.
The company said in a statement that the notes will be issued at face value and coupon rate will be determined in the process of book-building.
Both value date and payment due date is on Aug. 9 and the to-be-issued notes tradable on Aug. 10.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
China Development Bank has been hired as book-runner and lead underwriter for the offering.
In the first quarter of this year, the company's net profit was RMB 114 million and its operating revenue was RMB 861 million.