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Shaanxi Coal and Chemical Industry to issue RMB 3.5 bln bills

Aug. 28, 2012 (China Knowledge) - Shaanxi Coal and Chemical Industry Group Co has said today that it will issue RMB 3.5 billion in unsecured bills with a maturity of 365 days on the interbank market on Sep. 4.

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 Sep. 5, and the to-be-issued bills tradable on Sep. 6.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.
China Development Bank has been assigned as book-runner and lead underwriter for the offering, and Industrial and Commercial Bank of China<601398><1398> will be joint lead underwriter.
This will be the second short-term bills issued by the company this year.

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