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Yunnan Coal Chemical Industry to issue RMB 1 bln bills

Sep. 10, 2012 (China Knowledge) - State-owned Yunnan Coal Chemical Industry Group Co, mainly engaged in the clean coal industry, has said that will issue RMB 1 billion in unsecured bills with a maturity of 365 days on the interbank market on Sep. 12.

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. 14, and the to-be-issued bills tradable Sep. 17.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AA and A-1, respectively.
Huaxia Bank Co Ltd<600015> has been assigned as book-runner and lead underwriter for the offering.
This will be the first short-term bills issued by the company this year.

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