Shanghai Construction to issue RMB 1.2 bln short-term bonds

Published: 06 Jan 2009 12:45:01 PST

Jan. 7, 2009 (China Knowledge) - Shanghai Construction Group (SCG), parent of the listed Shanghai Construction Co Ltd<600170> will issue RMB 1.2 billion worth of short-term bonds with a maturity of 365 days on the interbank market on Jan. 12, market sources reported.

Both the value date and the payment due day will be on Jan. 13.

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and bonds AA+ and A-1 respectively.

The bonds, to be issued at the face value, will become tradable on Jan. 13.

China Construction Bank Co<601939><939> have been assigned as major underwriter for the issuance.

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