China’s Universal Medical to sell RMB 450 million one-year bonds

By Marisa Wong

Morgantown, W.Va., Aug. 11 – Universal Medical Financial & Technical Advisory Services Co. Ltd., through wholly owned subsidiary China Universal Leasing Co., Ltd., is planning to issue RMB 450 million of 365-day bonds.

The bonds will be sold at par. The interest rate will be determined through a bookbuilding process.

Bank of Beijing Co., Ltd. and China Construction Bank Co., Ltd. are the joint lead underwriters.

Proceeds will be used to repay the subsidiary’s maturing debt.

Universal is a health care provider based in Beijing. Its subsidiary offers leasing services for medical equipment and transportation.

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