By William Gullotti
Buffalo, N.Y., March 3 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., gave additional details for its RMB 600 million issue of five-year T2 corporate bonds (Chengxin: AAA) at par, including the coupon rate, according to an announcement Thursday.
This tranche is the issuer’s second issuance in 2022 under its RMB 5 billion bond program.
The bonds bear a fixed 3.56% coupon, which will be resettable after three years, at which time call and put options likewise become available.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
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| Amount: | Up to RMB 600 million
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| Issue: | T2 corporate bonds, 2022 second tranche
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| Maturity: | March 3, 2027
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| Coupon: | 3.56%, Resettable after three years
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| Price: | Par of RMB 100
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| Call option: | Available after three years
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| Put option: | Available after three years
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| Issue date: | March 1
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| Settlement date: | March 3
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| Rating: | Chengxin: AAA
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