China’s Longfor Group will issue a tranche in two parts on July 13 and July 14

Chicago, July 7 – Longfor Group Holdings Ltd. announced that it will issue a first tranche of medium-term notes on July 13 and July 14, according to a notice.

The issuer, subsidiary Chongqing Longhu Development Co. Ltd., has been approved to issue up to RMB 1.7 billion in new notes for 24 months starting June 28.

The issuer plans on selling RMB 1.7 billion of bonds in two parts, a series of three-year notes and a series of five-year notes.

Results will be announced on July 16 based on bookbuilding.

The notes and the issuer have been rated AAA by Shanghai Brilliance Credit Rating & Investors Service Co., Ltd.

Longfor is a Beijing investment holding company.

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