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Henan Transport Investment Group to issue RMB 2 bln notes

Aug. 22, 2012 (China Knowledge) - Henan Transport Investment Group Co has announced that it plans to issue RMB 2 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Aug. 24.

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. 27 and the to-be-issued notes tradable Aug. 28.

Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.

China Development Bank has been hired as book-runner and lead underwriter for the offering.
 
This will be the second medium-term notes issued by the group this year.
 
State-owned Henan Transport Investment Group, set up in June 2009, manages 2,577.76 kilometers of expressway, which account for 51.39% of the province's total.







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