Yangquan Coal Industry (Group) Co Ltd, a large state-owned coal enterprise in China, said it plans to issue RMB 1 billion in medium-term notes with maturity of five years on Oct. 10, sources reported.

The company said in a statement that the notes will be issued with face value, and the coupon rate be determined during the process of book building.

Both value date and payment due date is Oct. 12, and the to-be-issued notes tradable on Oct. 13.

Dagong Global Credit Rating Co Ltd has rated the notes and issuer AAA and AAA, respectively.

China Merchants Bank will be lead underwriter for the deal, and Huaxia Bank Co Ltd will be joint lead underwriter.

Source: China Knowledge