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Shanshan Group to issue RMB 560 mln MTN

Nov. 27, 2012 (China Knowledge) - China's Shanshan Group, the parent of Ningbo Shanshan Co Ltd<600884>, has said it plans to issue RMB 560 million in medium-term notes with a maturity of five years in the interbank market on Dec 4.

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 Dec 5, and the to-be-issued notes tradable Dec 6.

All the proceeds from the issue will be used to repay bank loans, said the issuer.

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and notes AA and AA, respectively.

China Minsheng Banking Corp Ltd<600016><1988> has been hired as lead underwriter and bookrunner for the offering.







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