OREANDA-NEWS. April 13, 2012. Shanghai Shenhua Holdings Co Ltd has said that it plans to issue RMB 300 million worth of 365-day unsecured bills on the interbank market.

Coupon rate will be determined in the process of book-building and the bills will be issued at face value.
 
China Chengxin International Credit Rating Co Ltd has rated the issuer and bills A+ and A-1, respectively.

Industrial Bank Co Ltd has been hired as bookrunner and lead underwriter for the offering.

Proceeds from the offering will be used to repay bank loans and replenish the group's working capital.