By Marisa Wong
Morgantown, W.Va., Sept. 16 – Legend Holdings Corp. said its subsidiary, Zhengqi Anhui Financial Holdings Co., Ltd., priced RMB 500 million of three-year bonds with a coupon of 3.98%.
The company announced plans to issue the corporate bonds in August.
Legend, which owns about 92% of equity interests owned in Zhengqi, will guarantee the bonds.
Proceeds will be used to repay bank borrowings and to replenish working capital, the company previously said.
Legend is a Beijing-based investment holding company.
| Issuer: | Zhengqi Anhui Financial Holdings Co., Ltd.
|
| Guarantor: | Legend Holdings Corp.
|
| Issue: | Corporate bonds
|
| Amount: | RMB 500 million
|
| Maturity: | Three years
|
| Coupon: | 3.98%
|
| Pricing date: | Sept. 15
|
© 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.
