China Knowledge reported that Yunnan Metallurgical Group Co will issue CNY 800 million in unsecured bills with a maturity of 365 days on the interbank market on September 12.

The company said that the bills will be issued at face value and the coupon rate determined in the process of book building. Both value and payment due date will be on September 13 and the to be issued bills tradable September 14.

China Chengxin International Credit Rating Co Ltd has rated the issuer and bills AA+ and A-1 respectively.

China Merchants Bank has been assigned as book-runner and lead underwriter for the offering.

This will be the first short term bills issued by the company this year.

Source - China Knowledge

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