By William Gullotti
Buffalo, N.Y., Aug. 29 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., completed an issue of RMB 500 million 3.1% third-tranche medium-term notes (Chengxin: AAA) at par of RMB 100, according to an announcement on Tuesday.
As previously reported, the offering marks the company’s final medium-term note issue from this specific RMB 3 billion authorization and the seventh overall offering for the year.
CSC Financial Co., Ltd., Bank of Communications Co., Ltd., China Citic Bank Corp., Ltd. and Bank of Jiangsu Co., Ltd. are the joint lead underwriters.
Proceeds will be used to repay maturing debt.
Trading on China’s interbank bond market is expected to start Aug. 30.
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: | Third-tranche medium-term notes
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| Tenor: | Two years
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| Underwriters: | CSC Financial Co., Ltd., Bank of Communications Co., Ltd., China Citic Bank Corp., Ltd. and Bank of Jiangsu Co., Ltd.
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| Coupon: | 3.1%
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| Price: | Par of RMB 100
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| Yield: | 3.1%
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| Settlement date: | Aug. 29
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| Listing date: | Aug. 30
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| Rating: | Chengxin: AAA
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