By William Gullotti
Buffalo, N.Y., Sept. 25 – China Universal Leasing Co., Ltd., a wholly owned subsidiary of Genertec Universal Medical Group Co. Ltd., issued RMB 500 million of 3.65% third tranche corporate bonds at par of RMB 100, according to a company announcement on Monday.
The bonds have a five-year tenor.
At the end of the third and fourth years, the issuer will be entitled to a repurchase option and a coupon rate adjustment option. Bondholders will also be entitled to put the bonds on those dates.
The bonds mark the issuer’s ninth overall offering for 2023.
The health care company is based in Hong Kong.
| Issuer: | China Universal Leasing Co., Ltd.
|
| Amount: | RMB 500 million
|
| Issue: | T3 corporate bonds
|
| Tenor: | Five years
|
| Coupon: | 3.65%; adjustable after three and four years
|
| Price: | Par of RMB 100
|
| Call options: | After three and four years
|
| Put options: | After three and four years
|
| Settlement date: | Sept. 25
|
|
|
© 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.
