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Article: China: Midea Group to issue RMB 1 bln in short-term bills.
- Article from:
- TendersInfo
- Article date:
- October 28, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: babalu03
Midea Group Co Ltd, a leading electronics manufacturer in China, announced that it will float RMB 1 billion in 365-day short-term bills on the interbank market on Nov. 2. The company said in a statement that the proceeds from the issuance will be used to replenish working capital.
Dagong Global Credit Rating Co has rated the bills and the issuer A-1 and AA, respectively. Agricultural Bank of China and Bank of China have been assigned as the main ...