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CECEP to issue RMB 1.8 bln notes

Aug. 24, 2012 (China Knowledge) - China Energy Conservation and Environmental Protection Group (CECEP) has announced  that that it plans to issue RMB 1.8 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Aug. 31.

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 Sep. 4 and the to-be-issued notes tradable Sep. 5.

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

China Minsheng Banking Corp Ltd<600016><1988> has been hired as book-runner and lead underwriter for the offering.
 
This will be the first medium-term notes issued by the group this year.







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