By William Gullotti
Buffalo, N.Y., Aug. 12 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., completed an issue of RMB 600 million of 3.2% five-year bonds, according to an announcement on Friday.
This is the company’s fourth tranche for 2022.
The notes were priced at par of RMB 100.
After three years, the bonds may be called or put and the coupon rate may be adjusted.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
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| Amount: | RMB 600 million
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| Issue: | Corporate bonds
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| Tenor: | Five years
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| Coupon: | 3.2%, adjustable after three years
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| Price: | Par
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| Yield: | 3.2%
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| Call features: | After three years
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| Puts: | After three years
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| Settlement date: | Aug. 12
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