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Shanghai Pudong Development (Group) to issue RMB 1 bln notes

Sep. 5, 2012 (China Knowledge) - Shanghai Pudong Development (Group) Co has announced that it plans to issue RMB 1 billion worth of unsecured medium-term notes with a maturity of ten years on the interbank market on Sep. 11.

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. 12 and the to-be-issued notes tradable Sep. 13.

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
Bank of Communications<601328><3328> has been hired as book-runner and lead underwriter for the offering, and China Bohai Bank will be joint lead underwriter.
This will be the first medium-term notes issued by the company this year.

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