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Jiangsu Sunshine Group to issue RMB 750 mln notes

Aug. 20, 2012 (China Knowledge) - Jiangsu Sunshine Group, the controlling shareholder of Jiangsu Sunshine Co<600220> has said today that it plans to issue RMB 750 million worth of unsecured medium-term notes with a maturity of five years on the interbank market on Aug. 23.

The company said in a statement that the notes will be issued at face value and coupon rate determined in the process of book-building.

Both value and payment due date is on Aug. 24 and the to-be-issued notes tradable Aug. 27.

China Lianhe Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.
China Everbright Bank Co Ltd<601818>has been hired as lead underwriter for the deal.
The group is the world's largest wool textile manufacturer.

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