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Chuying Agro-Pastoral to issue RMB 200 mln bills

Oct. 19, 2012 (China Knowledge) - Chuying Agro-Pastoral Group Co Ltd<002477>, which is mainly engaged in the breeding and distribution of livestock and poultry, has announced it plans to issue RMB 200 million in short-term bills with a maturity of 365 days in the interbank market on Oct 24.

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 25, and the to-be-issued bills tradable Oct 26.

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

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills A+ and A-1, respectively.

China CITIC Bank Corp<601998><0998> has been hired as lead underwriter and bookrunner for the offering.

This will be the issuer's second short-term bills this year.

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