Genertec Universal Medical unit eyes third tranche of domestic bonds

Chicago, March 20 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., has approval for a third tranche of corporate bonds issued in China, according to a notice.

The issuer is planning on not issuing more than RMB 1 billion of the notes.

The five-year bonds will be callable at the end of years three and year four. The coupon will be adjusted at those times and investors may also choose to sell back their notes.

Qualified investors may subscribe to the offering.

The notes will be listed on the Shanghai Stock Exchange.

The health care company is based in Hong Kong.

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