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Published on 8/19/2021 in the Prospect News Emerging Markets Daily.

New Issue: Genertec Universal Medical unit prices RMB 1 billion three-year corporate bonds

By William Gullotti

Buffalo, N.Y., Aug. 19 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., priced a RMB 1 billion tranche of three-year corporate bonds (Chengxin: AAA) at par, according to a company announcement Thursday.

The issue is the second tranche of a total aggregate sum of RMB 5 billion to be issued in 2021.

The health care company is based in Hong Kong.

Issuer:China Universal Leasing Co., Ltd.
Issue:Corporate bonds
Amount:RMB 1 billion
Maturity:Three years
Price:Par
Issue date:Aug. 20
Ratings:Chengxin: AAA

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