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Sinotruk issues 1st tranche of short-term financing bonds in
Subordinate section:Company news   Release time:2014-11-15 15:11

On February 27, Sinotruk successfully issued its first tranche of short-term financing bonds worth 2 billion yuan in 2014. Rated AA+ by China Chengxin International Credit Rating Co., Ltd., with Bank of Beijing as the lead underwriter and Industrial and Commercial Bank of China as the co-lead underwriter, the bonds have a period of one year and an interest rate of 5.3 percent, 94bp lower than rate of 6.24 percent valuated by the National Association of Financial Market Institutional Investors.

The interest price of this tranche of short-term financing bonds fell most sharply in Sinotruk's history of bond issuance.

 

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