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China Datang to issue RMB 5 bln in 270 day bills

Sep. 6, 2012 (China Knowledge) - China Datang Corp, the second-largest electricity producer in China, has announced that it plans to issue RMB 5 billion in super short-term bills with a maturity of 270 days on the interbank market today.

According to a statement, the power 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 is set on Sep. 7 and the to-be-issued bills tradable Sep. 10.

Dagong Global Credit Rating Co Ltd has rated the issuer AAA.

Industrial and Commercial Bank of China<601398><1398> and Shanghai Pudong Development Bank<600000> have been hired as joint lead underwriters for the offering.
This will be the second super short-term bills issued by the company this year.

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