By Marisa Wong
Morgantown, W.Va., Sept. 21 – Golden Eagle Retail Group Ltd. said its wholly owned subsidiary, Golden Eagle China, issued RMB 1.5 billion of 3.9% three-year notes on Wednesday.
ICBC China is the lead underwriter and bookrunner with Shanghai Pudong Development Bank as underwriter.
This is the first tranche under the company’s previously registered up to RMB 3 billion of notes.
Proceeds will be used to repay debt and for general working capital purposes.
Based in Nanjing, China, Golden Eagle owns and operates department stores.
| Issuer: | Golden Eagle China
|
| Issue: | Notes, first tranche
|
| Amount: | RMB 1.5 billion
|
| Maturity: | Three years
|
| Coupon: | 3.9%
|
| Underwriters: | ICBC China (lead), Shanghai Pudong Development Bank
|
| Settlement date: | Sept. 21
|
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