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


 
Financial Market
 Search News  Or
ChemChina to issue RMB 2.5 bln notes

Aug. 23, 2012 (China Knowledge) - China National Chemical Corp, also known as ChemChina, the largest chemical company in the country, has announced  that that it plans to issue RMB 2.5 billion worth of unsecured medium-term notes with a maturity of ten years on the interbank market on Aug. 29.

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. 31 and the to-be-issued notes tradable Sep. 3.

China Lianhe Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.

The Export-Import Bank of China has been hired as book-runner and lead underwriter for the offering, and Bank of China Ltd<601988><3988> will be joint lead underwriter.
 
This will be the first medium-term notes issued by the group this year.

In the first quarter of this year, the group booked a loss of RMB 150 million on operating revenue of RMB 53.23 billion.







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