Sep. 3, 2012 (China Knowledge) - Shaanxi
Nonferrous Metals Holding Group Co Ltd has said that it plans to issue RMB 3 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Sep. 7.
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. 10 and the to-be-issued notes tradable on Sep. 11.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
Industrial Bank Co Ltd<601166
> has been hired as lead underwriter for the offering.
Proceeds from the deal will be used to replenish the firm's working capital.
This will be the first medium-term notes issued by the company this year.