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Shandong Zhaojin Group to issue RMB 700 mln notes

Aug. 24, 2012 (China Knowledge) - Shandong Zhaojin Group has that that it plans to issue RMB 700 million worth of unsecured medium-term notes with a maturity of three years on the interbank market on Aug. 30.

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 on Sep. 3.

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

China Construction Bank Co<601939><0939> 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.

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