By Marisa Wong
Morgantown, W.Va., July 28 – Logan Property Holdings Co. Ltd. subsidiary Shenzhen Logan Holdings Co., Ltd. issued RMB 3 billion of five-year bonds with a coupon of 5.15%, according to a company announcement.
Pricing was determined through a book-building process on July 22.
At the end of the third year, the coupon will be adjustable and the bonds will be putable.
Logan Property is a Shenzhen, China-based real estate development company.
| Issuer: | Shenzhen Logan Holdings Co., Ltd.
|
| Issue: | Domestic corporate bonds
|
| Amount: | RMB 3 billion
|
| Maturity: | Five years
|
| Coupon: | 5.15%, adjustable after three years
|
| Put option: | At end of year three
|
| Pricing date: | July 22
|
| Settlement date: | July 27
|
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