CHINA EASTERN AIRLINES CORPORATION LIMITED Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(A joint stock limited company incorporated in the People's Republic of China with limited liability)
(Stock code: 00670)The Company and all members of the Board warrant that the information set out in this announcement is true, accurate and complete, and accept joint responsibility for any false information or misleading statements contained in, or material omissions from, this announcement.
China Eastern Airlines Corporation Limited (the "Company") has completed the issuance of the 2016 first tranche of super short-term commercial paper of the Company (the "2016 First Tranche SCP") on 18 January 2016. The issuance amount of the 2016 First Tranche SCP was RMB2.5 billion with a maturity of 90 days whereas the nominal value was RMB100 per unit and the annual interest rate was 2.50%.
China Development Bank and China Construction Bank Corporation, acting as the joint lead underwriters, formed an underwriting syndicate for the 2016 First Tranche SCP. The 2016 First Tranche SCP will be issued to institutional investors in public in the PRC interbank debenture market by way of book-building and centralised placing. The proceeds from the 2016 First Tranche SCP will be used principally to re-finance bank loans of the Company and to improve the debt structure of the Company. The relevant documents in respect of the 2016 First Tranche SCP are available at the websites of China Money (www.chinamoney.com.cn) and Shanghai Clearing House (www.shclearing.com).
The RMB2.5 billion 2016 First Tranche SCP was issued under the registered amount of the Company's super short-term commercial paper of not more than RMB20 billion (and with a term of not more than 270 days) pursuant to the "Notification on Acceptance of Registration" (Zhong Shi Xie Zhu 2014 No. SCP 131) from the National Association of Financial Market Institutional Investors. Such aggregate registered amount is effective within two years from the issuance date of the notification. The super short-term commercial paper may be issued in tranches within the effective period of registration.
By order of the Board
CHINA EASTERN AIRLINES CORPORATION LIMITED Wang JianJoint Company Secretary
Shanghai, the People's Republic of China 18 January 2016
As at the date of this announcement, the directors of the Company include Liu Shaoyong (Chairman), Ma Xulun (Vice Chairman, President), Xu Zhao (Director), Gu Jiadan (Director), Li Yangmin (Director, Vice President), Tang Bing (Director, Vice President), Tian Liuwen (Director, Vice President), Ji Weidong (Independent non-executive Director), Li Ruoshan (Independent non-executive Director), Ma Weihua (Independent non-executive Director) and Shao Ruiqing (Independent non-executive Director).
China Eastern Airlines Corporation Ltd. issued this content on 2016-01-18 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-18 13:30:03 UTC
Original Document: http://en.ceair.com/upload/2016/1/18214142378.pdf
