Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
Changyuan Group to issue RMB 300 mln bills

Aug. 20, 2012 (China Knowledge) - Changyuan Group Ltd<600525> has announced that it will issue RMB 300 million in unsecured bills with a maturity of 365 days on the interbank market on Aug. 23.

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. 24, and the to-be-issued bills  tradable Aug. 27.

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AA- and A-1, respectively.
 
Industrial Bank Co Ltd<601166> has been assigned as book-runner and lead underwriter for the offering.

Proceeds from the deal will be used to repay bank loans and replenish the company's working capital.

In the first half of this year, the company's net profit fell 27.92% YoY to RMB 106.12 million, while its core business revenue rose 19.76% to RMB 937.84 million.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved