Genertec Universal Medical unit to price up to RMB 1 billion bonds

By William Gullotti

Buffalo, N.Y., Aug. 9 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., plans to issue an up to RMB 1 billion tranche of corporate bonds at par, according to a company announcement.

The company previously obtained regulatory approval to issue up to RMB 8 billion of corporate bonds. Of that approved total, RMB 7.5 billion balance remains available to be issued in several tranches.

The upcoming offering will be the company’s fourth tranche for 2022.

The base term of the bonds is five years. After three years, the bonds may be called or put and the coupon rate may be adjusted.

The notes are expected to be issued off-line from Aug. 10.

The health care company is based in Hong Kong.

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