Yingkou Port Group Co Ltd, the second-largest port in Northeast China, said yesterday that it will issue RMB 1.2 billion worth of short-term bills with a maturity of 366 days on Oct. 27, China Knowledge reports.
The company said in a statement that the bills will be issued at face value, and the coupon rate be determined during the process of book building.
Both value date and payment due date is Oct. 31, and the to-be-issued bills tradable on Nov. 1
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA and A-1, respectively.
Proceeds from the deal will be used to repay bank loans and replenish the company's working capital.
The company said in a statement that the bills will be issued at face value, and the coupon rate be determined during the process of book building.
Both value date and payment due date is Oct. 31, and the to-be-issued bills tradable on Nov. 1
Dagong Global Credit Rating Co Ltd has rated the issuer and bills AA and A-1, respectively.
Proceeds from the deal will be used to repay bank loans and replenish the company's working capital.