Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Financial Market
 Search News  Or
Shanghai Electric Power to issue RMB 1.5 bln bills

Nov. 2, 2012 (China Knowledge) - Shanghai Electric Power Company Limited<600021>, the biggest power producer in the municipality, has announced it plans to issue RMB 1.5 billion in short-term bills with a maturity of 365 days in the interbank market on Nov 9.

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 Nov 12, and the to-be-issued bills tradable Nov 13.

RMB 100 million of the proceeds from the issue will be used to replenish working capital, while the remaining RMB 1.4 billion to repay bank loans, said the issuer.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.

China Everbright Bank Co<601818> has been hired as lead underwriter and bookrunner. Industrial Bank Co Ltd<601166> will be the joint lead underwriter for the offering.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved