Nov. 2, 2012 (China Knowledge) - State owned Zhengzhou
Road&Bridge Construction Investment Group Co Ltd, has announced it plans to issue RMB 200 million in medium-term notes with a maturity of three years in the interbank market on Nov 9.
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 Nov 12, and the to-be-issued notes tradable Nov 13.
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 Guangfa Bank has been hired as lead underwriter and bookrunner for the offering.