OREANDA-NEWS. July 04, 2012. Shandong Dongming Petrochemical Group Co has said that it plans to issue RMB 600 million worth of unsecured short-term bills with a maturity of 365 days on the interbank market.
 
Coupon rate will be determined in the process of book-building and the bills be issued at face value.

China Lianhe Credit Rating Co Ltd has rated the issuer and bills AA- and A-1, respectively.

China Construction Bank Co has been hired as book-runner and lead underwriter for the offering, and Shanghai Pudong Development Bank will be joint lead underwriter.
 
In the first quarter of this year, the company's net profit was RMB 70.02 million and its operating revenue was RMB 3.79 billion.