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

By Marisa Wong

Morgantown, W.Va., June 27 – Legend Holdings Corp. said it will issue up to RMB 3 billion of bonds from June 29 to July 3.

The base issue size is RMB 1 billion, and the over-allotment size is up to RMB 2 billion.

The bonds will consist of three- and five-year fixed-rate bonds that will be priced at par.

China Galaxy Securities Co. Ltd. and China International Capital Corp. Ltd. are the lead underwriters.

This is the company’s second tranche of corporate bonds for 2018.

Proceeds will be used to repay interest-bearing debt.

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.