Inner Mo api valve ngolia Power to issue RMB 1.5 bln short-term bonds

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Inner Mo api valve ngolia Power to issue RMB 1.5 bln short-term bonds
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2011/11/23 10:53:56

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Inner Mo api valve ngolia Power to issue RMB 1.5 bln short-term bonds

Inner Mo api valve ngolia Power to issue RMB 1.5 bln short-term bonds

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Inner Mongolia Power to issue RMB 1.5 bln short-term bondsPublished: 17 Dec 2008 02:39:59 PST<p class="authorInfor"]</p]<!--begin CK content--]
Dec. 17, 2008 (China Knowledge) - Inner Mongolia Power (Group) Corporation limited, a local government-invested company, announced Wednesday that it would issue RMB 1.5 billion financing bonds with a maturity of 270 days on the interbank market on Dec. 24. </p]
This batch of bonds will be issued at the face value and the yield will be determined during the process of book building, according to the company's statement posted on the official Chinabond.com website.</p]
The value date and payment due day will both start from Dec. 25. The bonds will become tradable on Dec. 26.</p]
Proceeds from the issuance will be used to supplement working capital and adjust the company's debt structure, according to the company. </p]
China Cheng Xin International Credit Rating Co has rated the issuer and the bonds AA+ and A-1 respectively. </p]
China Minsheng Banking Corporation has been hired as major underwriter for the sale. <br /]</p]<br /]Copyright © 2008 www.chinaknowledge.com<br /]<br /]Send feedback or comments to: news@chinaknowledge.com<br /]<br /]For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: <br /]<br /]To access our page on Bloomberg, type CKFI <go]<!--end CK content--]</go]<!-- right Begin --]Related TopicsChina News<br /]<map name="Map" id="Map"]</map]<!-- right end--]skateboard bearings lithium batteries �F�� ^ ��쥸�åȥ��`�� F�� ڥ��