By Marisa Wong
Morgantown, W.Va., Aug. 16 – Shanghai Fosun Pharmaceutical (Group) Co., Ltd. said it completed the issuance of RMB 1.3 billion of 5.1% five-year bonds on Wednesday.
The coupon may be increased at the end of the third year, at which point investors will have a put option.
This is the company’s first tranche of corporate bonds for 2018. The company previously obtained approval to issue up to RMB 5 billion of corporate bonds.
The pharmaceutical company is a Shanghai-based member of the Hong Kong group Fosun International Ltd.
| Issuer: | Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
|
| Issue: | Corporate bonds, 2018 first tranche
|
| Amount: | RMB 1.3 billion
|
| Maturity: | Five years
|
| Coupon: | 5.1%, may be increased at end of third year
|
| Put option: | At end of third year
|
| Settlement date: | Aug. 15
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