By William Gullotti
Buffalo, N.Y., Jan. 14 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., issued RMB 900 million of 3.65% five-year corporate bonds (Chengxin: AAA) at par, according to a notice on Friday.
A coupon rate adjustment option becomes available after three years, at which time call and put options likewise become available.
As previously reported, this tranche is 2022’s first issuance under the company’s RMB 5 billion bond program.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
|
| Issue: | Corporate bonds, 2022 first tranche
|
| Amount: | RMB 900 million
|
| Tenor: | Five years
|
| Bookrunners: | Citic Securities Co., Ltd. and Bank of China Ltd.
|
| Coupon: | 3.65%, resettable after three years
|
| Price: | Par of RMB 100
|
| Yield: | 3.65%
|
| Call option: | Available after three years
|
| Put option: | Available after three years
|
| Issue date: | Jan. 14
|
| Rating: | Chengxin: AAA
|
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