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