Nov. 14, 2012 (China Knowledge) Jiangsu Guotai International Group Co Ltd, one of the leading groups in Jiangsu
Province, has announced it plans to issue RMB 300 million in medium-term notes with a maturity of three years in the interbank market on Nov 21.
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 23, and the to-be-issued notes tradable Nov 26.
All the proceeds from the issue will be used to replenish working capital, said the issuer.
China Lianhe Credit Rating Co Ltd has rated the issuer and notes AA and AA, respectively.
China CITIC Bank<601998
> has been assigned as the lead underwriter and book-runner. The Export-Import Bank of China will be joint lead underwriter for the offering.