HONG KONG (Yosefardi) – China Eastern Airlines Co Ltd has on JUne 7, 2013 issued a super short-term commercial paper worth RMB4 billion.
The commercial paper has a maturity in 270 days with interest rate of 3.95%. The CP is part of RMB10 billion super short-term CP program agreed last year.
China Construction Bank Corp and China Merchants Bank Co Ltd are joint lead underwriters of the CP, which is issued in the interbank debenture market.
“The proceeds will be used principally to replenish corporate working capital of the company,” said China Eastern Airlines Friday (June 7).