China Knowledge reported that China Shipbuilding Industry Co Ltd the country largest shipbuilder plans to issue CNY 5 billion worth of 366-day bills on the interbank market on October 13.

Coupon rate will be determined in the process of book building. Both value date and payment due date is set October 14 and the to-be-issued bills tradable on Oct. 15.

China Construction Bank Corp has been assigned as the lead underwriter and book runner. China International Capital Corp the largest investment bank in the country will be the joint lead underwriter.

Dagong Global Credit Rating Co Ltd has rated the issuer and bills AAA and A-1 respectively.

(Sourced from China Knowledge)