Sep. 13, 2012 (China Knowledge) - Shandong
Three-star Group Co Ltd, which is mainly engaged in equipment manufacturing, oil and fats refining, and co-generator of heat and power, has announced it will issue RMB 600 million in short-term bills with a maturity of 365 days in the interbank market on Sep 18.
The company said in a statement 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 20, and the to-be-issued bills tradable Sep 21.
All the proceeds from the issue will be used to replenish working capital, said the issuer.
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA- and A-1, respectively.
China CITIC Bank Corp<601998
> has been assigned as the lead underwriter and bookrunner for the offering.