China's Springland proposes up to RMB 1.5 billion of short-term notes

By Marisa Wong

Madison, Wis., Dec. 31 - Springland International Holdings Ltd. said its wholly owned subsidiary, Jiangsu Springland, plans to issue one or more tranches of short-term financing notes totaling up to RMB 1.5 billion.

The notes will have maturities of one year or shorter.

On Monday, Jiangsu Springland mandated China Construction Bank as lead underwriter and Export-Import Bank of China as joint lead underwriter for the proposed notes.

Proceeds will be used for general working capital purposes.

Springland is a retail enterprise based in Hong Kong.

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