Nov. 6, 2012 (China Knowledge) - State owned Qingdao City Construction Investment Group Co Ltd, has announced it plans to issue RMB 2 billion in medium-term notes with a maturity of five years in the interbank market on Nov 13.
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 15, and the to-be-issued notes tradable Nov 16.
All the proceeds from the issue will be used to invest a project, said the issuer.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
Shanghai Pudong Development Bank Co Ltd<600000
> has been hired as lead underwriter and bookrunner for the offering.