China Jinmao subsidiary to price RMB 2.5 billion three-year bonds

By Marisa Wong

Los Angeles, March 9 – China Jinmao Holdings Group Ltd. said it plans to issue RMB 2.5 billion of three-year fixed-rate notes through indirect wholly owned subsidiary Shanghai Jinmao Investment Management Group Co., Ltd.

The coupon rate will be determined through a book-building process.

Proceeds will be used to repay debt.

China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.

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