By Marisa Wong
Los Angeles, June 28 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., issued a RMB 500 million tranche of 5.1% renewable corporate bonds at par on Friday, according to a company announcement.
The base term of the bonds is two years, after which the issuer may reprice and extend the bonds for another two years or repay the bonds in full. The issuer has this option at the end of every two-year repricing period.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
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| Issue: | Renewable corporate bonds
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| Amount: | RMB 500 million
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| Maturity: | Two years initially; may be extended for another two years at the end of every two-year repricing period
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| Coupon: | 5.1%
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| Price: | Par
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| Yield: | 5.1%
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| Settlement date: | June 25
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