China’s Genertec eyes up to RMB 1 billion third tranche of bonds

By Cady Vishniac

Detroit, Nov. 6 – Genertec Universal Medical Group Co., Ltd. plans to issue up to RMB 1 billion of corporate bonds in the third tranche to be issued by the company in 2020, according to an announcement.

The bonds will have a term of five years, with a call option and a coupon reset at the end of the second and fourth years.

Genertec received approval from the China Securities Regulatory Commission for the issuance of up to RMB 5 billion of corporate bonds in China in several tranches, according to a notice.

The bonds will be issued through the company’s China Universal Leasing Co., Ltd. subsidiary.

Based in Hong Kong, the company offers medical financing, hospital investment and management, digitization and clinical department upgrade advisory services.

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