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Beijing State-owned Capital Mgt Ctr to issue RMB 10 bln MTN

Aug. 21, 2012 (China Knowledge) - Beijing State-owned Capital Management Center announced today that it plans to issue RMB 10 billion worth of medium-term notes with a maturity of five years in the interbank market on Aug 28.

The notes will be issued at face value, and coupon rate be determined during the process of book-building.

Both value and payment due date is set on Aug 29, and the to-be-issued notes tradable Aug 30.

All the proceeds will be used to replenish working capital, said the issuer.

Dagong Global Credit Rating Co has rated the issuer and the notes AAA and AAA, respectively.

Bank of China<601988><3988> and Bank of Beijing Co Ltd <601169> have been hired as joint lead underwriters for the offering.

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