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

Financial Market
 Search News  Or
Zhejiang Tiansheng Holding to issue RMB 700 mln bills

Nov. 8, 2012 (China Knowledge) - Zhejiang Tiansheng Holding Group Co Ltd, a large-sized comprehensive group in Shaoxing City, Zhejiang Province, has announced it plans to issue RMB 700 million in short-term bills with a maturity of 365 days in the interbank market on Nov 15.

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 19, and the to-be-issued bills tradable Nov 20.

RMB 200 million of the proceeds from the issue will be used to reimbursement letter of credit, while the remaining RMB 500 million to repay bank loans, said the issuer.

China Lianhe 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.

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