China’s Legend to offer up to RMB 3 billion three-year bonds

By Wendy Van Sickle

Columbus, Ohio, May 28 – Legend Holdings Corp. said it will issue up to RMB 3 billion of three-year bonds at par from June 1 to June 3.

The base issue size is RMB 1.5 billion, and the over-allotment size is up to RMB 1.5 billion, according to a notice.

Pricing will be determined through a book-building process.

Citic Securities Co. Ltd., Everbright Securities Co. Ltd. and China International Capital Corp. Ltd. are the lead underwriters.

This is the company’s first tranche of corporate bonds for 2020.

Proceeds will be used to repay interest-bearing debt.

Legend is a Beijing-based investment holding company.

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