China Shipbuilding Industry Co Ltd., the country's largest shipbuilder, has announced plans to issue RMB 5 billion worth of 366-day bills on the interbank market on Oct. 13, China Knowledge reports.
Coupon rate will be determined in the process of book building. Both value date and payment due date is set Oct. 14, and the to-be-issued bills tradable on Oct. 15.
China Construction Bank Corp. has been assigned as the lead underwriter and book runner. China International Capital Corp, the largest investment bank in the country, will be the joint lead underwriter.
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.
As of Mar. 31, 2011, Shanghai-listed China Shipbuilding Industry had RMB 314.93 billion in total assets with debt/asset ratio of 74.85%, sources reported.
Coupon rate will be determined in the process of book building. Both value date and payment due date is set Oct. 14, and the to-be-issued bills tradable on Oct. 15.
China Construction Bank Corp. has been assigned as the lead underwriter and book runner. China International Capital Corp, the largest investment bank in the country, will be the joint lead underwriter.
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AAA and A-1, respectively.
As of Mar. 31, 2011, Shanghai-listed China Shipbuilding Industry had RMB 314.93 billion in total assets with debt/asset ratio of 74.85%, sources reported.