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Sichuan Star Cable to issue RMB 300 mln bills

Nov. 19, 2012 (China Knowledge) - Sichuan Star Cable Co Ltd<603333> has announced it plans to issue RMB 300 million in short-term bills with a maturity of 365 days in the interbank market on Nov 26.

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 27, and the to-be-issued bills tradable Nov 28.

All the proceeds from the issue will be used to replenish working capital, said the issuer.

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

Bank of Shanghai has been hired as lead underwriter and bookrunner for the offering.







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