Oct. 19, 2012 (China Knowledge) - Yunnan
Airport Group Co Ltd, a state-owned enterprise operating 11 airports in southwest China, has announced it will issue RMB 600 million in medium-term notes with a maturity of five years in the interbank market on Oct 25.
The company said in a statement that the notes 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 26, and the to-be-issued notes tradable Oct 29.
All the proceeds from the issue will be used to replenish working capital, said the issuer.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
China Development Bank has been hired as lead underwriter and bookrunner for the offering.