By William Gullotti
Buffalo, N.Y., Oct. 25 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., issued a RMB 670 million tranche of 4.83% renewable corporate bonds at par, according to a company announcement on Monday.
As previously reported, 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 issue is the second tranche of the previously reported aggregate sum of RMB 1.34 billion to be issued in installments.
The health care company is based in Hong Kong.
Issuer: | China Universal Leasing Co., Ltd.
|
Issue: | Renewable corporate bonds, tranche 2
|
Amount: | RMB 670 million
|
Maturity: | Oct. 25, 2023 with the option to renew and extend
|
Coupon: | 4.83%
|
Price: | Par
|
Yield: | 4.83%
|
Announcement date: | Oct. 20
|
Issue date: | Oct. 25
|
|
© 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.