By William Gullotti
Buffalo, N.Y., Aug. 31 – Chongqing Longhu Development Co. Ltd., an indirect subsidiary of Longfor Group Holdings Ltd., issued RMB 1.1 billion of 3˝% three-year bonds (Chengxin: AAA) on Wednesday, according to an announcement on Thursday.
The notes will be guaranteed by China Bond Insurance Co., Ltd.
The issue represents the company’s first tranche of medium-term notes for 2023.
Longfor is a Beijing investment holding company.
Issuer: | Chongqing Longhu Development Co. Ltd.
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Guarantor: | China Bond Insurance Co., Ltd.
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Amount: | RMB 1.1 billion
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Issue: | Medium-term notes, 2023 first tranche
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Tenor: | Three years
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Coupon: | 3˝%
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Issue date: | Aug. 30
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Announcement date: | Aug. 31
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Rating: | Chengxin: AAA
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