Nov. 15, 2012 (China Knowledge) - State-owned Beijing Infrastructure Investment Co Ltd has announced it plans to issue RMB 2 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 invest projects, said the issuer.
China Chengxin International Credit Rating Co Ltd has rated the issuer and notes AAA and AAA, respectively.
Industrial and Commercial Bank of China <601398
> has been assigned as the lead underwriter and book-runner. Bank of Beijing Co Ltd <601169
> will be joint lead underwriter for the offering.
This will be the issuer's second medium-term notes this year.