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Anhui Transportation Investment to issue RMB 600 mln bills

Dec. 11, 2012 (China Knowledge) - Anhui Transportation Investment Group Co Ltd has said it will issue RMB 600 million in unsecured bills with a maturity of 365 days on the interbank market on Dec. 18.

The company said 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 Dec. 19, and the to-be-issued bills tradable Dec. 20.

RMB 180 million of the proceeds from the issue will be used to replenish working capital, while the remaining RMB 420 million to repay bank loans, said the issuer.

Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA and A-1, respectively.

China Development Bank has been assigned as lead underwriter and bookrunner. China Merchants Bank<600036><3968> will be the joint lead underwriter for the offering.

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







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