China Knowledge reported that Zhuhai Port Holdings plans to issue CNY 300 million worth of 366 day unsecured bills on the interbank market on October 20.
Coupon rate will be determined in the process of book building. Both value date and payment due date wise set at October 21 and the to be issued bills tradable on October 24.
The issuer said proceeds from the issue will be used to repay bank loans and replenish working capital.
Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AA and A-1 respectively. China Everbright Bank Co Ltd has been assigned as the lead underwriter.
This will be the issuer first short term bill this year.
Coupon rate will be determined in the process of book building. Both value date and payment due date wise set at October 21 and the to be issued bills tradable on October 24.
The issuer said proceeds from the issue will be used to repay bank loans and replenish working capital.
Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bills AA and A-1 respectively. China Everbright Bank Co Ltd has been assigned as the lead underwriter.
This will be the issuer first short term bill this year.