By William Gullotti
Buffalo, N.Y., Nov. 1 – Shanghai Industrial Urban Development Group Ltd. announced its non-wholly owned subsidiary, Shanghai Urban Development (Holdings) Co., Ltd., issued RMB 1.15 billion of 3.07% three-year domestic corporate bonds (Chexin: AA+).
The bonds were issued in connection to the RMB 8 billion authorized to be issued by the China Securities Regulatory Commission on Oct. 19. The approval is valid for 24 months.
Proceeds will be used to repay the issuer’s 3.95% domestic corporate bonds that were issued in 2019.
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.
|
| Amount: | RMB 1.15 billion
|
| Issue: | Domestic corporate bonds
|
| Tenor: | Three years
|
| Underwriter: | Ping An Securities Co., Ltd.
|
| Coupon: | 3.07%
|
| Issue date: | Oct. 31
|
| 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.
