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


 
Financial Market
 Search News  Or
China Aerospace Science & Industry Corp to issue RMB 1 bln bills

Aug. 8, 2012 (China Knowledge) - State-owned China Aerospace Science and Industry Corp (CASIC) has announced that it plans to issue RMB 1 billion in super short-term bills with a maturity of 90 days on the interbank market on Aug. 9.

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 is set on Aug 10, and the to-be-issued bills are tradable Aug 13.

RMB 850 million of the proceeds from the issue will be used to replenish working capital and the remaining RMB 150 million to repay bank loans, said the issuer.

China Lianhe Credit Rating Co Ltd has rated the issuer AAA.

China Construction Bank Corp or CCB<601939><0939> has been assigned as the lead underwriter and bookrunner. Industrial Bank Co Ltd<601166> will be joint lead underwriter for the offering.

This is the issuer's first super short-term bills this year.







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