Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
Anhui Water Resources Development to issue RMB 100 mln bills

Aug. 8, 2012 (China Knowledge) - Anhui Water Resources Development Co Ltd<600502> announced that it will issue RMB 100 million in unsecured bills with a maturity of 365 days on the interbank market on Aug. 14, 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. 15, and the to-be-issued bills are tradable on Aug. 16.

China Lianhe Credit Rating Co Ltd has rated the issuer and bills A+ and A-1, respectively.
 
Industrial Bank Co Ltd<601166> has been assigned as book-runner and lead underwriter for the offering.

Proceeds from the deal will be used to repay bank loans and replenish the group's working capital.

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 was RMB 47.35 million and its operating revenue was RMB 1.33 billion.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved