By Mary-Katherine Stinson
Lexington, Ky., Sept. 20 – Country Garden Holdings Co. Ltd.’s wholly owned subsidiary Country Garden Real Estate Group Co., Ltd. sold RMB 1.5 billion 3.2% notes with a three-year tenor (Chengxin: AAA), according to a company announcement.
The notes are guaranteed by China Bond Insurance Co., Ltd.
The first tranche of 2022 medium-term notes were issued in the domestic Chinese market on Sept. 19.
Country Garden is a Foshan, China, real estate developer.
| Issuer: | Country Garden Real Estate Group Co., Ltd.
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| Guarantor: | China Bond Insurance Co., Ltd.
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| Amount: | RMB 1.5 billion
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| Issue: | Notes
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| Tenor: | Three years
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| Coupon: | 3.2%
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| Settlement date: | Sept. 19
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| Ratings: | Chengxin: AAA
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