Aug. 30, 2012 (China Knowledge) - Fujian
Investment and Development Group Co has said today that it plans to issue RMB 1.2 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 on Sep. 7.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
China Development Bank has been hired as book-runner and joint lead underwriter for the offering, and Shanghai Pudong Development Bank<600000
> will be joint lead underwriter.
This will be the first medium-term notes issued by the company this year.