Aug. 28, 2012 (China Knowledge) - Beijing Infrastructure Investment Co has said today that that it plans to issue RMB 2 billion 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 on Sep. 6.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
Industrial and Commercial Bank of China<601398
> has been hired as book-runner and lead underwriter for the offering, and Bank of Beijing Co Ltd <601169
> will be joint lead underwriter.
This will be the first medium-term notes issued by the company this year.