By Marisa Wong
Morgantown, W.Va., Aug. 20 – Longfor Properties Co. Ltd. issued RMB 2 billion of 4.98% five-year bonds on Friday, according to a company announcement.
The 2018 second tranche rental apartments special bonds were issued through indirect subsidiary Chongqing Longhu Development Co. Ltd. and are non-guaranteed.
The bonds have a coupon adjustment option and put option at the end of the third year.
Longfor is a Beijing investment holding company.
| Issuer: | Chongqing Longhu Development Co. Ltd.
|
| Issue: | Rental apartments special bonds, 2018 second tranche
|
| Amount: | RMB 2 billion
|
| Maturity: | Five years
|
| Coupon: | 4.98%, may be adjusted at end of third year
|
| Put option: | At end of third year
|
| Issue date: | Aug. 17
|
| Rating: | China Chengxin Securities Rating Co. Ltd.: AAA
|
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