Published on 5/31/2022 in the Prospect News Emerging Markets Daily.
New Issue: Genertec Universal unit prices RMB 500 million 3.38% five-year notes
By Wendy Van Sickle
Columbus, Ohio, May 31 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., priced RMB 500 million of 3.38% five-year medium-term notes at par, according to an announcement.
A coupon rate adjustment option becomes available after three years, at which time holders will have a put option.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
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| Amount: | RMB 500 million
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| Issue: | Medium-term notes
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| Tenor: | Five years
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| Coupon: | 3.38%, resettable after three years
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| Price: | Par of RMB 100
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| Put option: | After three years
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| Issue date: | May 30
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