China: Guangzhou Zhujiang Brewery to issue 500 mln yuan worth of bills

Guangzhou Zhujiang Brewery plans to issue 500 million yuan worth of 366-day unsecured short-term financing bills on March 24, reports yicai.com, citing a company filing.

The value date is March 28. Of the total proceeds raised, 450 million yuan will be used to repay loans while the remaining will be used purchase barley, malt and rice.

Shanghai Brilliance Credit Rating and Investors Service has rated the short-term bills A-1.

23 March, 2011