By William Gullotti
Buffalo, N.Y., April 4 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., completed an issue of RMB 500 million 3.58% two-year notes (Chengxin: AAA) at par of RMB 100, according to an announcement on Tuesday.
The issuance was for the full amount authorized March 30.
Huatai Securities Co., Ltd. and China Citic Bank Corp., Ltd. are the joint lead underwriters.
As previously reported, trading on China’s interbank bond market is expected to start April 6.
The company previously obtained regulatory approval to issue up to RMB 3 billion of medium-term notes. Of that approved total, RMB 2.5 billion has now been issued.
Proceeds will be used to repay maturing debt.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
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| Amount: | RMB 500 million
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| Issue: | Medium-term notes, 2023 second tranche
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| Maturity: | April 4, 2025
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| Underwriters: | Huatai Securities Co., Ltd. and China Citic Bank Corp., Ltd.
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| Coupon: | 3.58%
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| Price: | Par of RMB 100
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| Yield: | 3.58%
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| Settlement date: | April 4
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| Listing date: | April 6
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| Rating: | Chengxin: AAA
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