By Susanna Moon
Chicago, Sept. 29 - BBMG Corp. said it completed an offering of RMB 2 billion medium-term notes with a term of five years.
The coupon is 4.38%.
Settlement occurred on Wednesday.
BBMG said on Sept. 16 that it planned to issue RMB 2 billion of the notes with the interest rate to be determined after the completion of bookbuilding.
This is the first tranche of notes to be issued under regulatory approval received earlier in the month, according to the previous press release. The company received approval to issue up to RMB 2.8 billion of notes.
BBMG is a building materials manufacturer in Beijing.
| Issuer: | BBMG Corp.
|
| Issue: | Medium-term notes
|
| Amount: | RMB 2 billion
|
| Maturity: | Five years
|
| Coupon: | 4.38%
|
| Price: | Par of RMB 100
|
| Yield: | 4.38%
|
| Settlement date: | Sept. 29
|
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