By William Gullotti
Buffalo, N.Y., Oct. 15 – Shanghai Industrial Urban Development Group Ltd. announced its non-wholly owned subsidiary, Shanghai Urban Development (Holdings) Co., Ltd., issued RMB 880 million of 3.48% three-year medium-term notes (Chexin: AA+), according to an announcement on Friday.
The notes were 2.5 times oversubscribed.
Proceeds will be used to repay the issuer’s 4.6% series 1 medium term notes that were issued in 2018.
Shanghai Industrial is based in Hong Kong and has businesses in infrastructure facilities, real estate and consumer products.
| Issuer: | Shanghai Urban Development (Holdings) Co., Ltd.
|
| Issue: | Medium-term notes
|
| Amount: | RMB 880 million
|
| Tenor: | Three years
|
| Coupon: | 3.48%
|
| Issue date: | Oct. 14
|
| Rating: | Chexin: AA+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
