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.