Aug. 20, 2012 (China Knowledge) - Shenzhen-listed
Shantui Construction Machinery Co<6000680> has said today that it plans to issue RMB 500 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 Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
China Merchants Bank<600036
> has been hired as book-runner and lead underwriter for the deal.
The company said earlier that its net profit for the first half was expected to fall between 50% and 100%.