Aug. 30, 2012 (China Knowledge) - Guangzhou
Metro Corp has said today that it plans to issue RMB 3.5 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.
Bank of China Ltd<601988
> has been hired as book-runner and joint lead underwriter for the offering, and China Construction Bank Co<601939
> will be joint lead underwriter.
This will be the second medium-term notes issued by the company this year.