Tuesday, December 30, 2008

Gansu Province Electric Power Investment issue short-term bonds

Gansu Province Electric Power Investment Group Corp, announced on Monday it would issue 800 million yuan short-term bonds with a maturity of 365 days on the interbank market on Jan. 6, according to the report of China Knowledge.

The face value and the yield will be determined in the process of book building, and the proceeds from the issuance will be used to replenish working capital and repay bank loans said the company's representative.

Shanghai Pudong Development Bank has been assigned as joint underwriter for the issuance.

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