Dalian port to issue mid-term notes
Published: 24 May 2009 18:42:21 PSTMay. 25, 2009 (China Knowledge) - Dalian Port (PDA) Co Ltd<2880>,
the leading oil and container terminal operator in China, announced
that it will issue five-year notes worth RMB 1 billion on Jun. 1. This batch of bonds will be issued on the interbank market at face value, and the yield will be determined during the process of book building, according to the company's statement filed with the official Chinabond.com website. The value date and payment due date will be Jun. 3. The notes will become tradable on Jun. 4. The proceeds from the issuance will be used to replenish the working capital, repay debts with high costs and meet investment demand. China Cheng Xin International Credit Rating Co has rated the issuer and the bonds AA+ and AA+, respectively. Agricultural Bank of China has been hired as the book runner and underwriter for the sale. Copyright © 2009 www.chinaknowledge.com |
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