Sep. 10, 2012 (China Knowledge) - Zhuhai
Port Holdings Group has said that it plans to issue RMB 480 million worth of unsecured medium-term notes with a maturity of five years on the interbank market on Sep. 14.
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. 17 and the to-be-issued notes tradable Sep. 18.
Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and notes AA and AA, respectively.
China Everbright Bank Co Ltd<601818> has been hired as book-runner and lead underwriter for the offering.
In the first quarter of this year, the company's net profit was RMB 24.82 million and its operating revenue was RMB 205 million.