Aug. 15, 2012 (China Knowledge) - Fujian
Light and Textile Industrial (Holdings) Co has said that it plans to issue RMB 700 million worth of unsecured medium-term notes with a maturity of five years on the interbank market on Aug. 21.
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. 22 and the to-be-issued notes tradable on Aug. 23.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA- and AA-, respectively.
China Everbright Bank Co Ltd<601818> has been hired as book-runner and lead underwriter for the offering, and China Development Bank will be joint lead underwriter.