China’s Zhenro Properties subsidiary plans up to RMB 2 billion bonds

By Marisa Wong

Morgantown, W.Va., Sept. 14 – Zhenro Properties Group Ltd. announced that wholly owned subsidiary Jiangxi Zhenro Real Estate Development Co., Ltd. plans to issue up to RMB 2 billion of corporate bonds with a term of no more than five years.

Pricing will be determined through a book-building process.

Zhongshan Securities Co., Ltd. will act as lead underwriter.

Proceeds will be used to refinance existing debt.

China Chengxin Securities Rating Co., Ltd. has assigned a rating of AA+ to the planned bonds.

The company is a real estate developer and property manager based in Shanghai.

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