Beijing Capital Land proposes up to RMB 10 billion corporate bonds

By Marisa Wong

Morgantown, W.Va., Nov. 4 – Beijing Capital Land Ltd. is proposing to issue up to RMB 10 billion of domestic corporate bonds in one or more tranches with maturities of no more than seven years, according to a company announcement.

Proceeds will be used to supplement working capital or to repay existing loans.

The proposed issuance is subject to shareholders’ approval at an upcoming meeting.

The integrated property owner is based in Beijing.

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