By William Gullotti
Buffalo, N.Y., July 12 – Beijing Enterprises Holdings Ltd. completed issuing RMB 3 billion 2.89% medium-term notes due 2026 on Tuesday, according to an announcement on Wednesday.
Noteholders will be able to exercise put rights at 101 plus interest if a change of control occurs.
Proceeds will be used to repay existing bank loans.
The diversified company is incorporated in Hong Kong.
| Issuer: | Beijing Enterprises Holdings Ltd.
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| Amount: | RMB 3 billion
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| Issue: | 2023 medium-term notes, series 2
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| Maturity: | July 2026
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| Coupon: | 2.89%
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| Change of control: | At 101 plus interest
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| Issue date: | July 11
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| Announcement date: | July 12
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