Beijing Capital Land proposes up to RMB 3 billion corporate bonds

By Marisa Wong

Madison, Wis., Sept. 30 - Beijing Capital Land Ltd. announced it plans to issue up to RMB 3 billion of domestic corporate bonds in one or more tranches with maturities of no more than 10 years.

Proceeds will be used to repay loans and to supplement working capital.

The proposed bond issue is subject to shareholders' approval at an extraordinary general meeting scheduled for Oct. 23.

The integrated property owner is based in Beijing.

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