China-based Legend’s Zhengqi Anhui unit plans RMB 700 million bonds

By Marisa Wong

Morgantown, W.Va., Dec. 1 – Legend Holdings Corp. said its subsidiary, Zhengqi Anhui Financial Holdings Co., Ltd., plans to issue up to RMB 700 million of bonds at par.

The bonds will have a maturity of no more than five years.

Legend, which owns about 92% of equity interests owned in Zhengqi, will guarantee the bonds, which will be the company’s second tranche of corporate bonds for 2015.

Proceeds will be used to repay bank borrowings and to replenish working capital.

Legend is a Beijing-based investment holding company.

© 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.