By Marisa Wong
Morgantown, W.Va., Dec. 16 – China Shengmu Organic Milk Ltd. said indirect wholly owned subsidiary Inner Mongolia Shengmu High-tech Farming Co., Ltd. issued RMB 100 million of 5.33% one-year notes on Wednesday.
China Merchants Bank Co. Ltd. is the lead underwriter.
Proceeds will be used for general working capital.
China Chengxin International Credit Rating Co., Ltd. assigned an A-1 rating to the short-term notes.
The milk producer is based in Dengkou, China.
| Issuer: | Inner Mongolia Shengmu High-tech Farming Co., Ltd.
|
| Issue: | Domestic short-term notes
|
| Amount: | RMB 100 million
|
| Maturity: | Dec. 16, 2016
|
| Coupon: | 5.33%
|
| Underwriter: | China Merchants Bank Co. Ltd.
|
| Settlement date: | Dec. 16
|
| Rating: | China Chengxin: A-1
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
