China Southern Power Grid Co., Ltd issued RMB 3 bln short-term commercial paper

Mar 17, 2023 (China Knowledge) - China Southern Power Grid Co., Ltd has issued RMB 3 bln 180-day short-term commercial paper on the the interbank bond market, with the issue code: 012380301.IB.

To be specific, the bond was issued with a coupon rate of 2.1%. This is a fixed-rate bond that pays a fixed amount of interest for its entire term. The corporation said in a statement that the bonds were issued at face value.

The issue date and listing date are Jan 17 and Jan 19 respectively, and the maturity date is on Jul 17, 2023.

There is no guarantor for the issuance of the bond.

It is understood that the issuer (found in 2004) is not a listed company, which is a large enterprise in the utility industry. China Construction Bank, Bank of Ningbo was the main underwriter of the bond offering. The bond registration institution is Shanghai Clearing House. The accounting firm is Baker Tilly Certified Public Accountants.

In terms of rating, the rating of the issuer is AAA, and the rating outlook of the issuer is stable.

For more information on the ratings/bond analytics, please contact Catherine Yap/Ted Worley at (65) 6743 1728. For research, please contact Research Director Michael Lee at (86) 21 8033 6883/michael_lee@chinaknowledge.com.