Published on 8/20/2019 in the Prospect News Emerging Markets Daily.
New Issue: China’s Genertec Universal sells RMB 300 million 3.98% five-year bonds
By Marisa Wong
Los Angeles, Aug. 20 – Genertec Universal Medical Group Co. Ltd. announced it issued RMB 300 million of 3.98% five-year bonds at par on Tuesday.
The bonds were issued through wholly owned subsidiary China Universal Leasing Co., Ltd.
At the end of the third year, the bonds have a call option, put option and coupon adjustment option.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
|
| Issue: | Corporate bonds, 2019 tranche 2
|
| Amount: | RMB 300 million
|
| Maturity: | Five years
|
| Coupon: | 3.98%, may be adjusted at end of third year
|
| Price: | Par
|
| Call option: | At end of third year
|
| Put option: | At end of third year
|
| Settlement date: | Aug. 20
|
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