Beijing Capital Land eyes up to RMB 3 billion corporate bonds, up to RMB 5 billion MTNs

By Marisa Wong

Morgantown, W.Va., March 5 – Beijing Capital Land Ltd. is proposing to issue up to RMB 3 billion of corporate bonds and up to RMB 5 billion of medium-term notes, according to a notice.

The corporate bonds will have maturities of up to 10 years. The medium-term notes will have maturities of up to five years, but they may also be issued as perpetual medium-term notes.

Proceeds will be used for the investment in and construction of 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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