New Issue: Genertec Universal Medical unit prices RMB 500 million 3.79% three-year notes at par

By William Gullotti

Buffalo, N.Y., Dec. 20 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., issued RMB 500 million of 3.79% domestic medium-term notes due 2024 (Chengxin: AAA) at par, according to a notice on Monday.

The notes will be traded in the interbank market in China.

Proceeds will be used to repay maturing debt.

The health care company is based in Hong Kong.

Issuer:	China Universal Leasing Co., Ltd.
Issue:	Medium-term notes, tranche 3
Amount:	RMB 500 million
Maturity:	Dec. 20, 2024
Bookrunners:	Citic Securities Co., Ltd. and Bank of China Ltd.
Coupon:	3.79%
Price:	Par of RMB 100
Yield:	3.79%
Pricing date:	Dec. 15
Issue date:	Dec. 17
Rating:	Chengxin: AAA

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