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Chengdu lipo battery Industry Investment to issue RMB 1.5 bln in bonds
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Chengdu Industry Investment to issue RMB 1.5 bln in bondsPublished: 07 Jun 2009 18:44:17 PSTTop 5 News From ChinaKnowledge.comChina’s foreign trade likely to fall in H1BAIC loses out to Magna in deal for GM’s OpelAlcatel-Lucent to deploy 1st VDSL2 network for Guangdong TelecomJinke Group to spend RMB 4.77 bln for backdoor listingICBC (Asia) to see earnings growth this yearJun. 8, 2009 (China Knowledge) – Chengdu Industry Investment Group Co Ltd started issuing corporate bonds worth RMB 1.5 billion on Jun. 4, sources reported. The company, which is a state-owned investment enterprise based in Chengdu, Sichuan Province, said in a statement that the seven-year bonds have a coupon rate of 5.08%. The issuer has the option to raise the rate by up to 100 basis points at the end of the fifth year.The company will use RMB 1.2 billion from the proceeds to finance China National Petroleum Corp’s Sichuan ethylene project, which has an annual production capacity of 800,000 tons. The remaining funds will be used to replenish the company’s working capital.Dagong Global Credit Rating Co Ltd has rated the issuer and the bonds AA and AAA, respectively.China Galaxy Securities Co has been assigned as the major underwriter for the sale.Copyright © 2009 http://www.chinaknowledge.comRift platinum lithium batteries furniture legs 静态混合器 自清洗过滤器 クレジット 現金化 比較 引越し ビジネスローン