Nov. 8, 2012 (China Knowledge) - Hebei Publishing Media Group Limited Corporation, has announced it plans to issue RMB 500 million 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 14, and the to-be-issued notes tradable Nov 15.
RMB 50 million of the proceeds from the issue will be used to repay bank loans, while the remaining RMB 450 million to replenish working capital, said the issuer.
China Lianhe Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.
China Everbright bank Co Ltd<601818> and Industrial Bank Co Ltd<601166
> have been hired as joint lead underwriter for the offering.