By Wendy Van Sickle
Columbus, Ohio, Nov. 10 – Genertec Universal Medical Group Co. Ltd. announced it issued RMB 1 billion of 3.95% five-year corporate bonds at par, according to a notice.
The notes were issued through wholly owned subsidiary China Universal Leasing Co., Ltd.
The notes are callable and putable at the end of the second and fourth years. If not called or put, the issuer will be entitled to a coupon rate adjustment option.
This is a first tranche of corporate bonds for the Hong Kong-based health care company.
| Issuer: | China Universal Leasing Co., Ltd.
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| Issue: | Corporate bonds, third tranche
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| Amount: | RMB 1 billion
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| Maturity: | Five years
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| Coupon: | 3.95%, subject to readjustment at end of second and fourth years
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| Price: | Par
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| Yield: | 3.95%
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| Call option: | At end of second and fourth years
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| Put option: | At end of second and fourth years
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| Settlement date: | Nov. 10
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