China’s Genertec to issue up to RMB 1.28 billion corporate bonds

By Wendy Van Sickle

Columbus, Ohio, June 14 – Genertec Universal Medical Group Co., Ltd. launched the issuance of up to RMB 1.28 billion of corporate bonds in China, according to a notice.

This first tranche of corporate bonds to be issued by the company in 2019 will have a term of five years, with a call option and a coupon reset at the end of the third year.

Citic Securities Co., Ltd. is the lead underwriter.

Proceeds will be used to repay maturing debt and for working capital.

Based in Hong Kong, the company offers medical financing, hospital investment and management, digitization and clinical department upgrade advisory services.

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