12 April 2013
CICC Assisted Geely Group Issuing Its 2013 Phase I Commercial Paper
Zhejiang Geely Holding Group Co., Ltd. successfully issued its 2013 Phase I Commercial Paper on April 11th, 2013, which will start trading on April 15th, 2013. The CP has a registered size of RMB3 billion. This issuance represents the first offering for the CP, with an offering size of RMB0.5 billion, at a coupon rate of 4.28% and a tenor of 1 year. Geely Group and the CP are rated as AA+ and A-1, respectively. CICC acted as Joint Lead Manager in the transaction.