Sep. 5, 2012 (China Knowledge) - Fuyao Glass Industry Group Co Ltd<600660
>, China's biggest windshield maker, has said that it will issue RMB 600 million in unsecured bills with a maturity of 365 days on the interbank market on Sep. 11.
The company said that the bills will be issued at face value, and the coupon rate determined in the process of book-building.
Both value and payment due date will be on Sep. 13, and the to-be-issued bills tradable Sep. 14.
China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AA+ and A-1, respectively.
China Merchants Bank<600036
> has been assigned as book-runner and lead underwriter for the offering.
This will be the third short-term bills issued by the company this year.
In the first half of this year, the company's net profit fell 7.69% YoY to RMB 738.32 million, while its operating revenue rose 4.65% to RMB 4.87 billion.