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Huainan Mining Industry to issue RMB 3 billion bills

Sep. 19, 2012 (China Knowledge) - Huainan Mining Industry (Group) Co Ltd has announced it will issue RMB 3 billion in short-term bills with a maturity of 365 days in the interbank market on Sep 25.

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 26, and the to-be-issued bills tradable Sep 27.

All the proceeds from the issue will be used to repay bank loans, said the issuer.

China Lianhe Credit Rating Co Ltd Co Ltd has rated the issuer and notes AAA and A-1, respectively.

China Minsheng Banking Corp Ltd<600016><1988> has been hired as lead underwriter and bookrunner for the offering.







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