China: CNY 1bn short-term bills to be offered by Guangxi Railway Investment
2012-12-11 14:50:43
Summary:On 6 November 2012, short-term bills worth CNY 1bn (EUR 123.76mn USD 160.23mn) are plannedto be issued by China-based Guangxi Railway Investment Group Co Ltd.
On 6 November 2012, short-term bills worth CNY 1bn (EUR 123.76mn USD 160.23mn) are planned
to be issued by China-based Guangxi Railway Investment Group Co Ltd. It has appointed China
CITIC Bank as the sales' lead underwriter and bookrunner and China Minsheng Banking as the
joint lead underwriter. The company will use CNY 120mn of the proceeds for bank loans
repayment and CNY 880mn for working capital replenishment. The bills will have a maturity
term of 365 days.
Key Words:China:,short-term,bills