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Jiangsu Yanghe Group to issue RMB 1.2 bln notes

Sep. 6, 2012 (China Knowledge) - Jiangsu Yanghe Group Co, the controlling shareholder of Jiangsu Yanghe Brewery Ltd<002304>, has said that it plans to issue RMB 1.2 billion 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 in the process of book-building.

Both value and payment due date is on Sep. 12 and the to-be-issued notes tradable Sep. 13.

Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
 
Industrial Bank Co Ltd<601166> has been hired as book-runner and lead underwriter for the offering.

Proceeds from the deal will be used to replenish the company's working capital and repay bank loans.







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