Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Financial Market
 Search News  Or
Guangxi Beibu Gulf Int’l Port to issue RMB 500 mln bills

Nov. 16, 2012 (China Knowledge) - Guangxi Beibu Gulf International Port Group Ltd, parent company of Shenzhen-listed Beihai Port Co Ltd<000582>, has announced it plans to issue RMB 500 million in short-term bills with a maturity of 365 days in the interbank market on Nov 23.

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 26, and the to-be-issued bills tradable Nov 27.

RMB 290 million of the proceeds from the issue will be used to repay bank loans, while the remaining RMB 210 million to replenish working capital, said the issuer.

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AA+ and A-1, respectively.

China Construction Bank Corp<601939><0939> has been hired as lead underwriter and bookrunner for the offering.

This will be the issuer's third short-term bills this year.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved