Beijing Capital Land considers RMB 2 billion debt financing

New York, July 17 – Beijing Capital Land Ltd. is asking shareholders to approve a planned RMB 2 billion debt financing, according to a notice from the company.

Proceeds will be used for project development and construction.

The debt will have a maximum maturity of three years.

Bank of Beijing Ltd. will be the underwriter for the non-public issue, which will be listed by Beijing Financial Assets Exchange Co. Ltd.

Beijing Capital Land’s board approved the proposal on July 14, and shareholders will be asked to support the plan at an extraordinary general meeting on Aug. 1.

Beijing Capital Land is a Beijing-based real estate company.

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