Nov. 14, 2012 (China Knowledge) - China Minmetals Corp, the country's largest state-owned metal and mineral producer and trader, has announced it plans to issue RMB 2 billion in super short-term bills with a maturity of 180 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 16, and the to-be-issued bills tradable Nov 19.
All the proceeds from the issue will be used to repay bank loans, said the issuer.
China Chengxin International Credit Rating Co Ltd has rated the issuer AAA.
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> has been hired as lead underwriter and bookrunner. China Guangfa Bank will be the joint lead underwriter for the offering.
This will be the issuer's sixth super short-term bills this year.