By Angela McDaniels
Tacoma, Wash., June 13 – Times China Holdings Ltd. subsidiary Guangzhou Times Holdings Group Co., Ltd. issued RMB 500 million of 6.8% five-year public domestic corporate bonds on June 6, according to a company news release.
BOC International (China) Co., Ltd. was the lead underwriter. Southwest Securities Co., Ltd. and Zhongshan Securities Co., Ltd. acted as the joint underwriters.
The bonds are not guaranteed. They are listed on the Shanghai Stock Exchange.
The bonds were rated AAA by United Credit Rating Co., Ltd.
Proceeds are expected to be used to refinance some of the group’s existing debt.
Times China is a property development holding company based in Guangzhou, China.
| Issuer: | Guangzhou Times Holdings Group Co., Ltd.
|
| Issue: | Public domestic corporate bonds
|
| Amount: | RMB 500 million
|
| Maturity: | 2024
|
| Underwriters: | BOC International (China) Co., Ltd. (lead), Southwest Securities Co., Ltd. and Zhongshan Securities Co., Ltd.
|
| Coupon: | 6.8%
|
| Settlement date: | June 6
|
| Rating: | United Credit Rating: AAA
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
