By Wendy Van Sickle
Columbus, Ohio, July 7 – Country Garden Holdings Co. Ltd. said it issued on Tuesday RMB 1.36 billion of 4.19% five-year bonds through wholly owned subsidiary Country Garden Real Estate Group Co., Ltd.
The bonds will have a coupon adjustment option and put option at the end of the third year.
Country Garden obtained regulatory approval to issue up to RMB 8,538,000,000 of domestic corporate bonds in tranches. This is the company’s second tranche of the bonds. It issued RMB 3.4 billion of 4.2% five-year bonds in April in the first tranche.
Country Garden is a Foshan, China, real estate developer.
| Issuer: | Country Garden Real Estate Group Co., Ltd.
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| Issue: | Bonds, second tranche
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| Amount: | RMB 1.36 billion
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| Maturity: | Five years
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| Coupon: | 4.19%, reset option at end of third year
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| Put option: | At end of third year
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| Pricing date: | June 30
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| Settlement date: | July 7
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