Aug. 16, 2012 (China Knowledge) - Shanghai Deepsea Fisheries Co has announced that it will issue RMB 450 million in unsecured bills with a maturity of 365 days on the interbank market on Aug. 22.
The company said that the bills will be issued at face value, and the coupon rate determined in the process of book-building.
Both value and payment due date will be on Aug. 23, and the to-be-issued bills are tradable Aug. 24.
Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AA- and A-1, respectively.
Industrial Bank Co Ltd<601166> has been assigned as book-runner and lead underwriter for the offering.
In the first quarter of this year, the company's net profit was RMB 1.23 million and its operating revenue was RMB 292 million.