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
> has been hired as lead underwriter and bookrunner for the offering.
This will be the issuer's second short-term bills this year.