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Anhui Zhongding Holding to issue RMB 420 million MTN

Sep. 20, 2012 (China Knowledge) - Anhui Zhongding Holding (Group) Co Ltd, the parent company of Anhui Zhongding Sealing Parts Co Ltd<000887>, has announced it will issue RMB 420 million in medium-term notes with a maturity of three years in the interbank market on Sep 27.

The company said in a statement that the notes 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 28, and the to-be-issued notes tradable Sep 29.

RMB 333.6 million of the proceeds from the issue will be used to repay bank loans, while the remaining RMB 86.4 million to replenish working capital, said the issuer.

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

Industrial and Commercial Bank of China<601398><1398> has been hired as lead underwriter and bookrunner for the offering.

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