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Beijing Capital Highway Development to issue RMB 1.5 bln notes

Aug. 29, 2012 (China Knowledge) - Beijing Capital Highway Development Group Co Ltd has said today that it plans to issue RMB 1.5 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Sep. 5.

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. 6 and the to-be-issued notes tradable Sep. 7.

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

China Construction Bank Co<601939><0939> and Industrial and Commercial Bank of China<601398><1398> have been hired as joint lead underwriters for the offering.
 
This will be the first medium-term notes issued by the company this year.







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