Sunac China gets approval for up to RMB 6 billion corporate bonds

By Marisa Wong

Morgantown, W.Va., Aug. 5 – Sunac China Holdings Ltd. said the China Securities Regulatory Commission has approved its proposed issuance of up to RMB 6 billion of domestic corporate bonds.

The bonds will be issued through wholly owned subsidiary Tianjing Sunac Zhidi Co., Ltd.

The bonds will be offered in tranches, with the first tranche to be completed within 12 months and the remaining tranches to be completed within 24 months.

Sunac is a Tianjin, China-based residential and commercial property developer.

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