By Sarah Lizee
Olympia, Wash., June 4 – China Universal Leasing Co. Ltd. issued 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 of 4.19% was determined through a bookbuilding process.
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.
| Issuer: | China Universal Leasing Co. Ltd.
|
| Issue: | Notes
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| Amount: | RMB 860 million
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| Maturity: | Three years
|
| Bookrunners: | Bank of Beijing Co., Ltd. and Bank of Shanghai Co., Ltd.
|
| Coupon: | 4.19%
|
| Price: | Par
|
| Yield: | 4.19%
|
| Settlement date: | June 4
|
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