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CASC to issue RMB 3 billion bills

Oct. 17, 2012 (China Knowledge) - China Aerospace Science and Technology Corporation (CASC), a large state-owned enterprise group, has announced it plans to issue RMB 3 billion in super short-term bills with a maturity of 60 days in the interbank market on Oct 17.

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 Oct 18, and the to-be-issued bills tradable Oct 19.

All the proceeds from the issue will be used to replenish working capital,said the issuer.

China Lianhe Credit Rating Co Ltd has rated the issuer AAA,respectively.

Industrial Bank Co Ltd<601166> has been hired as lead underwriter and bookrunner for the offering.







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