Sep. 5, 2012 (China Knowledge) - Shenzhen Gas Corp Ltd<601139
>, which is principally engaged in city pipe gas business, petroleum gas wholesaling and business of petroleum gas in canisters has said that it plans to issue RMB 400 million worth of unsecured medium-term notes with a maturity of five 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.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
Bank of Beijing Co Ltd <601169
> has been assigned as book-runner and lead underwriter for the offering.
This will be the first medium-term notes issued by the company this year.
In the first half of this year, the company's net profit jumped 30.29% YoY to RMB 366.17 million, and its operating revenue grew 12.78% to RMB 4.23 billion.