Aug. 14, 2012 (China Knowledge) - Markor Investment Group Co Ltd, whose business covers areas such as furniture manufacturing and exporting, furniture retailing and fine chemicals, announced that it will issue RMB 350 million in unsecured bills with a maturity of 365 days on the interbank market on Aug. 17, 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. 20, and the to-be-issued bills are tradable on Aug. 21.
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA- and A-1, respectively.
China Development Bank has been assigned as book-runner and lead underwriter for the offering.