By Mary-Katherine Stinson
Lexington, Ky., March 27 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., issued RMB 300 million 4.8% renewable bonds with a two-year term in China’s inter-bank bond market, according to a company announcement.
The notes were issued at par.
The issuer will, at the end of the agreed basic term and each extended period, be entitled to an option to extend the term of the bonds.
The health care company is based in Hong Kong.
| Issuer: | Genertec Universal Medical Group Co. Ltd.
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| Amount: | RMB 300 million
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| Issue: | Renewable bonds
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| Maturity: | 2025
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| Coupon: | 4.8%
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| Price: | Par
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| Yield: | 4.8%
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| Settlement date: | March 27
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| Distribution: | China
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