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Dalian Container Terminal to issue RMB 160 mln bills

Aug. 17, 2012 (China Knowledge) - Dalian Container Terminal Co Ltd said yesterday that it will issue RMB 160 million worth of short-term bills with a maturity of 365 days in the interbank market on Aug 21.

The company said in a statement 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 is set on Aug 23, and the to-be-issued bills tradable Aug 24.

All the proceeds from the issue will be used to repay bank loans, said the issuer.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AA- and A-1, respectively.

China Merchants Bank<600036><3968> has been assigned as the lead underwriter and bookrunner for the offering.







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