China Universal Leasing offers up to RM 860 million three-year notes

By Rebecca Melvin

New York, May 31 – China Universal Leasing Co. Ltd. plans to issue up to RMB 860 million of three-year notes at par, according to an announcement from parent company Genertec Universal Medical Group Co. Ltd.

The fixed interest rate will be determined through a bookbuilding process, and the notes are expected to be traded on the interbank bond market in China from June 6.

Proceeds will be used to repay maturing debt.

Bank of Beijing Co., Ltd. and Bank of Shanghai Co., Ltd. are joint lead underwriters for the issuance.

Genertec Universal is a health care provider based in Beijing. Its subsidiary offers leasing services for medical equipment and transportation.

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