By
|
/s/
Huo
Haifeng
|
|
By
|
/s/
Mok
Kam Wan
|
Name:
|
Huo
Haifeng and Mok Kam Wan
|
|
Title:
|
Joint
Company
Secretaries
|
China
Netcom (Group) Company Limited, a wholly owned subsidiary of China Netcom
Group Corporation (Hong Kong) Limited (the “Company”), will launch the
issue of corporate bonds of an aggregate principal amount of RMB5 billion
on 3 September 2008. A public announcement in relation to the
issue of the Corporate Bonds is published
today.
|
Maturity
period:
|
5
years
|
Aggregate
principal amount:
|
RMB5
billion
|
Interest
calculation date:
|
Interest
will accrue from 3 September 2008, being the first day of issue of the
Corporate Bonds. Interest will accrue from 3 September of each year during
the term of the Corporate Bonds for the purpose of calculating the
interest payable in such year.
|
Payment
of interest and principal:
|
Interest
will be payable annually, and principal will be repaid upon maturity
together with the interest payable for the last period.
|
Guarantee:
|
The
Corporate Bonds will be wholly and irrevocably guaranteed by State Grid
Corporation of China.
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Credit
rating of the Corporate Bonds:
|
According
to the integrated evaluation of China Chengxin International Credit Rating
Co., Ltd., the credit rating of the issuer is AAA and the credit rating of
the Corporate Bonds is AAA.
|
By
order of the Board
CHINA NETCOM GROUP
CORPORATION
(HONG
KONG) LIMITED
Zuo
Xunsheng
Chairman and Chief Executive
Officer
|