Sep. 12, 2012 (China Knowledge) - BBMG Corp<2009
>, a Beijing-based
building materials manufacturer, has said that it plans to issue RMB 2 billion worth of unsecured medium-term notes with a maturity of five years on the interbank market on Sep. 18.
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. 20 and the to-be-issued notes tradable Sep. 21.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
Bank of Beijing Co Ltd <601169
> has been hired as book-runner and lead underwriter for the offering.
In a separate statement, the Hong Kong-listed
company said that it plans to issue RMB 1 billion in short-term bills with a maturity of 365 days on Sep. 18.
BBMG earlier reported a net profit of RMB 2.11 billion for the first half of this year, representing a decrease of 9.19% YoY. Core business revenue rose 12.23% YoY to RMB 14.49 billion in the period.