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Fujian Light and Textile Industrial to issue RMB 700 mln bills

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.

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