It is reported that Tianjin Pipe Corporation was noticed on May 13th that National Association of Financial Market Institutional Investors had accepted their registration of fist tranche of short term financing bills. China Industrial Bank acts as the lead underwriter.
The total issuing amount is CNY 500 million with a maturity period of 365 days whereas the unit face value is CNY 100. Dagong Global Credit Rating Co evaluates that bound rating of the financing bills is A-1 and entity rating is AA.
The financing bills will be placed though bookkeeping on May 21st 2009 and issued in the bond market among banks in the PRC.
The following are the details for the issuance:
|Issuer (full name)||Tianjin Pipe (Group) Corporation|
|Registered amount||CNY 500 million|
|Issued amount||CNY 500 million|
|Par Value||CNY 100|
|Issuing Rate||To be decided by results of bookkeeping|
|Underwriter||Industrial Bank Co., Ltd|
|Underwriting Mode||Standby underwriting Issuing Mode|
|Bookkeeping Issuing Date||May 21 2009|
|Value Date||May 22 2009|
|Payment Date||May 22 2009|
|Circulation Date||May 25 2009|
|Maturity Date||May 22 in 2010|
|Issuer Rating||AA Interest accrue mode|
|Single interest||Rating: A-1|
|Rating Agency||Dagong Global Credit Rating Co., Ltd|