CSG to issue RMB 1 bln in financing bills on Wed
Published: 25 Oct 2009 18:39:47 PST
Oct. 26, 2009 (China Knowledge) - CSG Holding Co Ltd<000012><200012>, China's leading glass manufacturer, will issue RMB 1 billion in financing bills with a maturity of 365 days on Oct. 28, sources reported. This batch of bills 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. The value date and payment due date will be Oct. 29. The bills will become tradable on Oct. 30. The proceeds from the issuance will be used to replenish the firm's working capital, repay bank loans and optimize the company's financing structure. China Cheng Xin International Credit Rating Co has rated the issuer and the bills AA and A-1, respectively. China Construction Bank Co<601939><0939> has been hired as the major underwriter for the sale. Copyright © 2009 www.chinaknowledge.com |
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