Baogang Rare Earth to issue 300mln financing securities

Oct. 28 MetalBiz--Inner Mongolia Baogang Rare Earth (600111) (Group) Hi-tech Corp. plans to release the 2009's No.2 Issue short-term financing securities, valuing 300mln yuan for 365 days. Societe Generale (601166) acts as the underwriter.

The interest rate is subject to the mode of filing through bookkeeping. The value date and payment date is November 2, and the circulation date is November 3, and enxashment date is November 2, if meeting the holiday or the rest day, it is put off to the first working day.

The issue of securities is not guaranteed. It is comprehensively assessed by Lianhe Credit Rating Co., Ltd., its credit rating is A-1 grade, the publisher's credit rating is AA-grade, and rating outlook is stable.