China Knowledge reported that Fujian Energy Group Co Ltd will issue CNY 600 million worth of short-term bills with a maturity of 366 days on October 18.

The company said in a statement that the bills will be issued with face value and the coupon rate be determined during the process of book building.

Both value date and payment due date is October 20 and the to-be-issued bills tradable on October 21. China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AA+ and A-1 respectively.

China CITIC Bank Corp will be lead underwriter for the offering.

(Sourced from China Knowledge)