Aug. 23, 2012 (China Knowledge) - China Guodian Corp, the parent company of GD Power Development Co<600795
>, has announced today that it will issue RMB 7.5 billion in unsecured bills with a maturity of 365 days on the interbank market on Aug. 30.
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. 31, and the to-be-issued bills tradable Sep. 3.
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.
Agricultural Bank of China Ltd or ABC<601288
> has been assigned as book-runner and lead underwriter for the offering, and China Merchants Bank<600036
> will be joint lead underwriter.
This will be the second short-term bills issued by the company this year.