Genertec’s China Universal offers tranche of corporate bonds

By Wendy Van Sickle

Columbus, Ohio, Jan. 18 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., is preparing to offer a first tranche of 2024 corporate bonds in China, according to a notice.

The company has approval to issue up to RMB 8 billion of bonds. Currently, RMB 3.5 billion of bonds remain to be issued under that approval.

The first tranche of 2024 is priced at the par value of RMB 100 and will be capped at RMB 1 billion.

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

The bonds will be placed on the Shanghai Stock Exchange.

The bonds are expected to be issued offline starting Jan. 19.

The medical equipment manufacturing subsidiary is based in Beijing.

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