Sep. 4, 2012 (China Knowledge) - Shenhua Group, the parent company of China Shenhua Energy Co Ltd<601088
>, has announced that it will plan to issue RMB 10 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 through the process of book-building.
Both value and payment due date is on Sep. 10 and the to-be-issued notes tradable Sep. 11.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
Industrial and Commercial Bank of China<601398
> has been hired as book-runner and 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.