Sinotruk: Nominal Interest Rate of Annual Short-Term Securities Loan Reaches 4.87%

www.chinatrucks.com. As reported on Nov.30, Sinotruk has issued annual short-term securities loan of 2 billion Yuan on Nov.28, which was the first issue of short-term securities loan within the year of 2012.

In the previous report, it is said that 1.5 billion Yuan of the issue would be used in adjusting the debt structure, repaying bank loan and reducing the financing cost. Another 500 million Yuan would be supporting the operation of subsidiaries.

As assessed by CCXI, the rating of this short-term securities loan was “A-1” and the corporate credit rating reached “AA+”.

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