Sep. 27, 2012 (China Knowledge) - Shenzhen
Airport Co Ltd<000089
>, the operator of Shenzhen Airport in Guangdong
Province, has announced plans to issue RMB 600 million worth of unsecured corporate bonds with a maturity of three years on the interbank market from Oct 8 to Oct 10.
Coupon rate will be determined in the process of book-building. Both value date and payment due date is set on Oct 8.
All the proceeds from the issue will be used to replenish working capital, said the issuer.
China Chengxin International Credit Rating Co Ltd has rated the issuer and bonds AAA and AAA, respectively.
Ping An Securities has been assigned as the lead underwriter and bookrunner.
In the first half of this year, Shenzhen Airport Co saw its operation revenue grow 6.99% YoY to RMB 1.07 billion, while its net profit for the six-month period decreased 20.12% YoY to RMB 281 miliion.