Aug. 15, 2012 (China Knowledge) - Feicheng Mining Group Limited, has announced it plans to issue RMB 1.3 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Aug 22.
The company said in a statement that the notes will be issued at face value, and the coupon rate determined in the process of book-building.
Both value and payment due date is set on Aug 23, and the to-be-issued notes tradable Aug 24.
Dagong Global Credit Rating Co Ltd has rated the issuer and the notes AA and AA, respectively.
China Zheshang Bank has been assigned as the lead underwriter and bookrunner for the offering.
RMB 400 million of the proceeds will be invested in construction project and the remaining RMB 900 million to repay bank loans, said the issuer.