Oct. 18, 2012 (China Knowledge) - CSG Holding Co Ltd<000012
>, a glass manufacturer and seller also engaged in solar power business, has announced it plans to issue RMB 700 million in short-term bills with a maturity of 365 days in the interbank market on Oct 23.
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 24, and the to-be-issued bills tradable Oct 25.
All the proceeds from the issue will be used to repay bank loans, said the issuer.
China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AA+ and A-1, respectively.
China Construction Bank<601939
> has been hired as lead underwriter and bookrunner.
China Merchants Bank Co Ltd<600036
> will be the joint lead underwriter for the offering.