Date: 2013-07-31

Hubei Xinyegang to Issue CNY 500 Million Notes

It was reported that Hubei Xinyegang Steel Co Ltd, one of the largest special steel producers in China plans to issue CNY 500 million worth of medium term notes with a maturity of five years in the interbank market on Jun 20.

The notes will be issued at the face value, and the coupon rate will be determined in the process of book-building. Both value date and payment due date is set on Jun 25 and the to-be-issued notes tradable on Jun 26.

All the proceeds from the issue will be used to replenish working capital, said the issuer.

China Chengxin International Credit Rating Co Ltd has rated the issuer and the bills AA and AA respectively. China CITIC Bank Corp has been assigned as lead underwriter and bookrunner. Industrial Bank Co Ltd will be the joint lead underwriter for the offering.

This will be the issuer's first medium term notes this year.

Previous: Xinyu Iron & Steel Received National Production License for its Bearing Steel Products
Next: Wang Quanqing Attended the Groundbreaking Ceremony for "Construction Project of High-end Bearing Industrialization Base" Held by Xibei Bearing Co., Ltd.

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
LRT708054 IKO	70		54
LRT708035 IKO	70		35

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.