By William Gullotti
Buffalo, N.Y., Nov 8 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., completed an issue of RMB 800 million of 3¼% corporate bonds, according to an announcement on Tuesday.
As previously reported, the offering was dubbed the fifth tranche of domestic corporate bonds but marked the company’s ninth issuance of 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 were priced at par of RMB 100.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
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| Amount: | RMB 800 million
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| Issue: | Corporate bonds, fifth tranche
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| Tenor: | Five years
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| Coupon: | 3¼%, adjustable after three years
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| Price: | Par of RMB 100
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| Yield: | 3¼%
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| Call features: | After three years
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| Puts: | After three years
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| Settlement date: | Nov. 8
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