Jiangsu Lianyungang Port to issue RMB 1 bln in financing bills
Jiangsu Lianyungang Port Co plans to issue 365-day financing bills on the interbank market on Aug. 13, sources reported.
Lianyungang Port hopes to raise up to RMB 1 billion through the issuance, according to the firm's statement filed with the Shanghai Stock Exchange on Thursday.
The financing bills will be issued at face value and the yield will be determined in the process of book building.
The proceeds from the issuance will be mainly used to help the firm maintain operations and management.
China Cheng Xin International Credit Rating Co Ltd has rated the issuer and the bills AA and A-1, respectively.
China Bohai Bank Co Ltd has been assigned as the major underwriter for the sale.
Lianyungang Port hopes to raise up to RMB 1 billion through the issuance, according to the firm's statement filed with the Shanghai Stock Exchange on Thursday.
The financing bills will be issued at face value and the yield will be determined in the process of book building.
The proceeds from the issuance will be mainly used to help the firm maintain operations and management.
China Cheng Xin International Credit Rating Co Ltd has rated the issuer and the bills AA and A-1, respectively.
China Bohai Bank Co Ltd has been assigned as the major underwriter for the sale.