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China Power Investment to issue RMB 7.8 bln in 270 day bills

Sep. 13, 2012 (China Knowledge) - China Power Investment Corp, the parent company of Hong Kong-listed China Power International Development Ltd<2380>, has said that it plans to issue RMB 7.8 billion in super short-term bills with a maturity of 270 days on the interbank market today.

According to a statement, 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 is set on Sep.17 and the to-be-issued bills tradable on Sep. 18.

China Chengxin International Credit Rating Co Ltd has rated the issuer AAA.

China Everbright Bank Co Ltd<601818> and China Construction Bank Co<601939><0939> have been hired as joint lead under writers for the offering.
This will be the fifth super short-term bills issued by the company this year.

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