Chinese cement and clinker producer Hongshi Holding Group will be launching CNY 500 million (€76.18 million/US$79.85 million) unsecured super short-term bills due in 180 days for general corporate purposes and bank debt repayment.
The company has named the Agricultural Bank of China to be the joint underwriter, while Shanghai Pudong Development Bank will be the book-runner and lead underwriter.
The coupon rate is yet to be confirmed. Trading of the bills will be available on 19 March 2015 at face value on the interbank market. The payment due date and value date are fixed on 18 March 2015.
