Beijing Capital Land names underwriters for RMB 10 billion bonds

By Marisa Wong

Morgantown, W.Va., April 11 – Beijing Capital Land Ltd. entered into an underwriting agreement with Capital Securities Co. on Monday for its upcoming issue of domestic corporate bonds, according to a company announcement.

The other underwriters are Haitong Securities Co., Ltd., China International Capital Corp. Ltd., China Securities Co., Ltd. and Ping An Securities Co. Ltd.

The company plans to issue up to RMB 10 billion of domestic corporate bonds with maturities of up to seven years, as previously announced. The issuance was first proposed in November.

The bonds will be issued at par of RMB 100.

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

The integrated property owner is based in Beijing.

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