Nov. 16, 2012 (China Knowledge) - State-owned Xiamen Iport Group Co Ltd, formerly known as Xiamen International Airport Group Company, has announced it plans to issue RMB 400 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 22, and the to-be-issued notes tradable Nov 23.
RMB 50 million of the proceeds from the issue will be used to replenish working capital, while the remaining RMB 350 million to invest a project, said the issuer.
China Lianhe Credit Rating Co Ltd has rated the issuer and notes AA+ and AA+, respectively.
China Construction Bank Corp<601939
> has been assigned as the lead underwriter and book-runner for the offering.
This will be the issuer's second medium-term notes this year.