China Resources Pharma to sell RMB 1 billion 3.79% perpetual bonds

By Taylor Fox

New York, Oct. 30 – China Resources Pharmaceutical Group Ltd.’s wholly owned subsidiary, China Resources Pharmaceutical Holdings Co. Ltd., plans to sell RMB 1 billion of perpetual bonds with a coupon of 3.79%, according to a company announcement.

The bonds have an initial term of two years but may be extended for another two years or repaid in full at the end of every two-year period.

Proceeds will be used to repay debt.

The pharmaceutical company has offices in Hong Kong and Beijing.

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