RMB1bn bond issue for CSIC

Shanghai: China Shipbuilding Industry Corp will issue up to RMB1bn worth of unsecured medium term notes with a maturity of five years on the interbank market on June 28.
The company said in a statement that the notes will be issued at face value and coupon rate will be determined in the process of book-building. Both value date and payment due date is June 29 and the to be issued notes will be tradable on July 2.
Dagong Global Credit Rating Co Ltd has rated the issuer and notes AAA and AAA respectively.
China Construction Bank Co has been hired as book-runner and lead underwriter for the offering and China International Capital Corp will be joint lead underwriter.
Proceeds from the offering will be used to replenish the company’s working capital.  [25/06/12]

Related Posts