Beijing Capital Land plans up to RMB 5 billion corporate bonds

By Marisa Wong

Morgantown, W.Va., Jan. 24 – Beijing Capital Land Ltd. is proposing to issue up to RMB 5 billion of domestic corporate bonds, according to a notice.

The bonds will have base maturities of three or five years or longer, with one re-pricing period for every three or five interest-bearing years or any longer period, respectively.

Proceeds will be used for the construction of rental housing projects, to replenish working capital and to repay corporate debt.

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

The real estate company is based in Beijing.

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