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Fujian Investment and Development to issue RMB 1.2 bln notes

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.

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