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Guangdong Rising Assets Management to issue RMB 2 bln notes

Aug. 29, 2012 (China Knowledge) - Guangdong Rising Assets Management Co Ltd (GRAM) has said 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 Sep. 6.

China Lianhe Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.

China Everbright Bank Co Ltd<601818> has been hired as book-runner and lead underwriter for the offering.
 
This will be the first medium-term notes issued by the company this year.
 
At the end of 2011, the company had total assts of RMB 73.18 billion. The firm is the majority shareholder of Shenzhen Zhongjin Lingnan Nonfemet Co<000060>, Guangdong Fenghua Advanced Technology (Holding) Co<000636> and Guangdong Rising Nonferrous Metal Co<600259>.







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