Sinotruk Group to issue RMB 1 bln in financing bills
Published: 21 Oct 2009 00:58:59 PST
Oct. 21, 2009 (China Knowledge) - China National Heavy Duty Truck Group Co Ltd, the country's largest heavy truck manufacturer also known as Sinotruk Group, plans to issue RMB 1 billion worth of 365-day financing bills on Oct. 27, sources reported. The coupon rate of the bills will be determined during the process of book building. Interest on the bills will be calculated from Oct. 28, 2009 and will be paid on Oct. 28, 2010. Proceeds from the issuance will be used to replenish working capital and optimize debt structure. China CITIC Bank Corp<601998><0998> will be the major underwriter for the issuance. China Lianhe Credit Rating Co Ltd has rated the bills and issuer A-1 and AA+, respectively. Copyright © 2009 www.chinaknowledge.com |
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1UPDATE 3-Google PC will start in seven seconds
- 2Dress Up Your Online Store for the Holidays
- 3Hot money floods China
- 4BYD Auto to expand into solar energy field
- 5UPDATE 1-Euro zone to urge China for more
- 6Steel giants of Japan and India signed
- 7AUTOSHOW-INTERVIEW-UPDATE 1-Changan Ford Mazda
- 8Entrepreneurblues
- 9Beyond The Anti-Virus Arms Race
- 10ChiNext, China's measures to help SMEs
