Greater China

Tangshan Port issues RMB400m notes

Beijing: Tangshan Port Group has announced plans to issue RMB400m worth of medium term notes with a maturity of five years from November 13.

According to a statement, the company said that the notes will be issued at the face value and the coupon rate will be determined in the process of book-building. Both value date and payment due date is set on November 14 and the to-be-issued notes tradable November 15.

China Minsheng Bank will be the main underwriter of the bond and China Dagong Credit Rating Co Ltd has rated the issuer and the bills AA+ and AA+ respectively. [08/11/12]

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