Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
Huatai Group to issue RMB 400 mln bills

Nov. 6, 2012 (China Knowledge) - Huatai Group, the parent of Shandong Huatai Paper Co Ltd<600308>, has announced it plans to issue RMB 400 million 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 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 13, and the to-be-issued bills tradable Nov 14.

RMB 200 million of the proceeds from the issue will be used to replenish working capital, while the remaining RMB 200 million to repay bank loans, said the issuer.

Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA and A-1, respectively.

Agricultural Bank of China Ltd <601288><1288>, has been hired as lead underwriter and bookrunner for the offering.

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







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

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

 E-Store

 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