Aug. 21, 2012 (China Knowledge) - Gansu Electric Power Investment Group Corp announced today that it will issue RMB 800 million in unsecured bills with a maturity of 365 days on the interbank market on Aug. 24.
The company said that the bills will be issued at face value, and the coupon rate be 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.
Shanghai Pudong Development Bank<600000
> has been assigned as book-runner and lead underwriter for the offering.