Beijing North Star considering issuing RMB 6 billion seven-year bonds

By Wendy Van Sickle

Columbus, Ohio, Oct. 26 – Beijing North Star Co. Ltd. is considering issuing up to RMB 6 billion of corporate debentures in one or more tranches in China, according to a notice.

The maturities of the debentures will not exceed seven years.

Proceeds will be used for medium- and long-term company operations funding, to repay borrowings, to adjust the company’s debt structure and to supplement liquidity.

The proposed issuance is subject to shareholders’ approval at a Dec. 14 meeting.

The real estate conglomerate is based in Beijing.

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