Nine Dragons Paper plans to issue 400M-yuan unsecured, medium-term notes with maturity of three years, to be tradable on June 26; the China-based paper and packaging company plans to use the proceeds to repay a bank loan

June 16, 2014 () – Nine Dragons Paper (Tianjin) Industries Co., Ltd<2689>, a world's largest in environmentally friendly recovered paper based paper manufacturer in terms of production capacity, has said that it plans to issue RMB 400 million unsecured medium-term notes with a maturity of 3 years on the interbank market on Jun 17.

The company said in a statement that the notes will be issued at face value and coupon rate be determined in the process of book-building.

Both value date and payment due date is Jun 25 and the to-be-issued notes tradable on Jun 26.

Shanghai Brilliance Credit Rating & Investors Service Co., Ltd has rated both the issuer and notes at AA. This rating denotes that the issuer has very good short-term and long-term debt repayment ability, it is operating in a positive state, and uncertain factors have very little impact on the business operations and development.


Bank of China <601988><3988> has been mandated as both the
bookrunner and lead underwriter .

Established in 1995, Nine Dragons Paper and its subsidiaries primarily produce linerboard, high performance corrugating medium and coated duplex board. Its operations enable it to serve as a one-stop shop for a broad range of high quality packaging paperboard products.

Its paper machines in China are located across several manufacturing hubs, including Dongguan, Guangdong Province in the Pearl River Delta, Taicang, Jiangsu Province in the Yangtze River Delta region, Chongqing, regional hub for the Central-Western Provinces, Tianjin, at the center of the Bohai Economic Rim and Quanzhou, Fujian Province on the west coast of the Taiwan Strait. As for the northern and northern-eastern markets, it has a production base near Shenyang.

In addition to packaging paperboard, the company is also engaged in the production of printing and writing paper in Dongguan and Taicang and the development of packaging paperboard and high value specialty paper production in Leshan, Sichuan Province.

The company plans to use the proceeds to repay bank loan.

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