China Knowledge reported that Jilin Power Share Co which has been suspended trading for nearly four months will issue CNY 700 million worth of three year notes on the inter-bank market on March 4.

The company said in a statement that the notes will be issued at face value, and the yield will be determined during the process of book-building. Both value date and payment due date will be March 8.

Shanghai Brilliance Credit Rating & Investors Service Co Ltd has rated the issuer and the bonds both AA. Proceeds from the issue will be mainly used to replenish working capital and repay bank loans.

China Citic Bank Co has been hired to handle the sale.

(Sourced China Knowledge)