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Befar Group to issue RMB 700 mln notes

Aug. 27, 2012 (China Knowledge) - Befar Group Co said today that that it plans to issue RMB 700 million worth of unsecured medium-term notes with a maturity of five years on the interbank market on Sep. 4.

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. 5 and the to-be-issued notes tradable Sep. 6.

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and notes AA and AA, respectively.

China Merchants Bank<600036><3968> 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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