By Mary-Katherine Stinson
Lexington, Ky., March 1 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., completed an issue of RMB 1 billion of 2.65% corporate bonds, according to an announcement.
The offering was dubbed the second tranche of domestic corporate bonds in 2024.
The base term of the bonds is five years. After the second, third or fourth years, the bonds may be called or put, and the coupon rate may be adjusted.
The notes were priced at par of RMB 100.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
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| Amount: | RMB 1 billion
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| Issue: | Corporate bonds, second tranche
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| Tenor: | Five years
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| Coupon: | 2.65%, adjustable after the second, third or fourth year
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| Price: | Par of RMB 100
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| Yield: | 2.65%
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| Call features: | After the second, third or fourth year
|
| Puts: | After the second, third or fourth year
|
| Settlement date: | March 1
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