By Mary-Katherine Stinson
Lexington, Ky., Nov. 3 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., issued RMB 400 million of 3% fourth tranche corporate bonds at par of RMB 100, according to a company announcement.
The bonds have a five-year tenor.
At the end of the first, second, third and fourth years, the issuer will be entitled to a repurchase option and a coupon rate adjustment option. Bondholders will also be entitled to put the bonds on those dates.
The bonds mark the issuer’s 10th overall offering for 2023.
The health care company is based in Hong Kong.
Issuer: | China Universal Leasing Co., Ltd.
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Amount: | RMB 400 million
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Issue: | Corporate bonds, fourth tranche
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Tenor: | Five years
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Coupon: | 3%; adjustable after one, two, three and four years
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Price: | Par of RMB 100
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Call options: | After one, two, three and four years
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Put options: | After one, two, three and four years
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Announcement date: | Oct. 31
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Settlement date: | Nov. 3
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