Genertec’s China Universal publicly offers fourth tranche of bonds

Chicago, Oct. 31 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., is preparing to offer a fourth tranche of corporate bonds publicly in China, according to a notice.

The company has approval to issue up to RMB 8 billion of bonds. Currently, under that approval the company has issued RMB 4.6 billion of bonds.

The fourth tranche will be capped at RMB 1 billion.

The five-year bonds will callable and putable on each of the first four anniversaries. Additionally, the coupon may be adjusted on those anniversaries.

The bonds will be placed on the Shanghai Stock Exchange.

The price will be par.

The bonds are expected to be issued offline starting Nov. 1.

The medical equipment manufacturing subsidiary is based in Beijing.

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