Genertec Universal unit outlines third tranche of corporate bonds

Chicago, Sept. 20 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., provided an outline for a proposed public issuance of a RMB 1 billion third tranche of corporate bonds in China, according to an announcement.

The five-year bonds will be redeemable and putable at the end of the third year and the fourth year. There will also be a coupon rate adjustment option at those times.

The new notes will be sold at par.

The medical equipment manufacturing subsidiary is based in Beijing.

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