By Mary-Katherine Stinson
Lexington, Ky., July 6 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., issued RMB 500 million of 3.4% three-year notes on July 6 (Chengxin: AAA), according to an announcement on Wednesday.
The notes were sold at par in increments of RMB 100 per note.
As previously reported, the issuance was the issuer’s second tranche of medium-term notes in 2022, following its RMB 500 million issue of 3.38% five-year notes that settled May 30.
Postal Savings Bank of China Co., Ltd. and Bank of Jiangsu Co., Ltd. were the joint lead underwriters.
Proceeds will be used to repay maturing debt.
Trading is expected in the interbank bond market in China starting July 7.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
|
| Amount: | RMB 500 million
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| Issue: | Fixed rate notes
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| Tenor: | Three years
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| Bookrunners: | Postal Savings Bank of China Co., Ltd. and Bank of Jiangsu Co., Ltd
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| Coupon: | 3.4%
|
| Price: | Par
|
| Yield: | 3.4%
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| Issue date: | July 6
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| Rating: | Chengxin: AAA
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