By Marisa Wong
Morgantown, W.Va., Sept. 24 – China Cinda Asset Management Co., Ltd. issued RMB 16 billion of bonds in China’s national interbank bond market on Tuesday, according to a company press release.
The issue included 3½% three-year bonds, 3¾% five-year bonds and 4.6% 10-year bonds.
Proceeds will be used to replenish the company’s operational capital, to optimize its asset and liability structure, to promote business development and financial innovation and for other purposes.
The Beijing-based company announced plans to issue the bonds on Sept. 1.
China Cinda provides asset management, consulting, investment, financial and risk management services to individuals and businesses.
| Issuer: | China Cinda Asset Management Co., Ltd.
|
| Issue: | Bonds
|
| Amount: | RMB 16 billion
|
| Tenors: | Three, five and 10 years
|
| Coupons: | 3½% for three-year bonds, 3¾% for five-year bonds and 4.6% for 10-year bonds
|
| Settlement date: | Sept. 22
|
© 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.
