Nuclear Power Qinshan Joint Venture to issue financing bills
Published: 26 Oct 2009 23:21:42 PST
Oct. 27, 2009 (China Knowledge) - Nuclear Power Qinshan Joint Venture Co Ltd yesterday announced that it will issue 365-day financing bills on the interbank market on Nov. 3, sources reported. The company hopes to raise up to RMB 600 million through the issuance. The financing bills will be issued at face value and the yield will be determined in the process of book building. The bills will become tradable on Nov. 5, and both the value date and the payment due date will be Nov. 4, according to the company's statement. The proceeds from the issuance will be used mainly to replenish working capital. China Cheng Xin International Credit Rating Co has rated the issuer and the bills AA+ and A-1, respectively. China Development Bank has been assigned as the major underwriter for the sale. Nuclear Power Qinshan Joint Venture is the builder of Qinshan nuclear power project in Zhejiang Province. Copyright © 2009 www.chinaknowledge.com |
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