Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Genertec Universal Medical Group Co. Ltd. > News item |
Genertec Universal Medical to price up to RMB 1 billion bonds
By Marisa Wong
Los Angeles, Oct. 20 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., plans to issue an up to RMB 1 billion tranche of renewable corporate bonds at par, according to a company announcement.
The company previously obtained regulatory approval to issue up to RMB 3.5 billion of renewable corporate bonds. Currently, there is a balance of RMB 1.34 billion to be issued in installments.
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 initial interest rate will be determined at the end of a subscription period through book-building processes. The notes are expected to be issued off-line from Oct. 21.
The health care company is based in Hong Kong.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.