Nov. 13, 2012 (China Knowledge) - Tsingtao Brewery Co Ltd<600600
>, a major beer brewery in China, has announced it plans to issue RMB 1 billion in medium-term notes with a maturity of five years in the interbank market on Nov 20.
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 21, and the to-be-issued notes tradable Nov 22.
All the proceeds from the issue will be used to repay bank loans, said the issuer.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
China Minsheng Banking Corp Ltd<600016
> has been hired as lead underwriter for the offering.