May. 22, 2013 (China Knowledge) - Huatai Securities Co<601688>, a medium-sized brokerage based in Nanjing, Jiangsu Province, has announced that it plans to issue RMB 3.3 billion in super short-term bills with a maturity of 90 days on the interbank market on May 27.
According to a statement, the company said the bills will be issued at face value, and the coupon rate determined through a tender process that is scheduled on May 23.
Both value date and payment due date is on May 27 and the to-be-issued bills tradable on May 28.
China Chengxin International Credit Rating Co Ltd has rated the issuer and the bills AAA and A-1, respectively.
Underwriters of the offering include Bank of Communications<601328><3328>, China Merchants Bank<600036><3968> and China Zheshang Bank.
This will be the issuer's second super short-term bills this year, sources reported.