Aug. 20, 2012 (China Knowledge) - Beijing Haohua Energy Resource Co<601101
> announced that it will issue RMB 500 million in unsecured bills with a maturity of 365 days on the interbank market on Aug. 24, sources reported.
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. 27, and the to-be-issued bills tradable Aug. 28.
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA+ and A-1, respectively.
Ping An Bank Co<000001> has been assigned as book-runner and lead underwriter for the offering.
In the first half of this year, the company's net profit fell 7.01% YoY to RMB 674.09 million, while its core business revenue rose 16.64% to RMB 3.74 billion.