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Prospect News home > News index > List of issuers C > Headlines for Country Garden Holdings Co. Ltd. > News item |
Zengchang Country Garden sells RMB 3 billion of 4.2% three-year bonds
New York, Aug. 3 – Zengcheng Country Garden Property Development Co. Ltd. said it issued RMB 3 billion of three-year domestic bonds with a 4.2% coupon.
Proceeds will be used to refinance debt and for working capital, according to a company notice.
GF Securities Co., Ltd., Essence Securities Co., Ltd. and Ping An Securities Co., Ltd. are the underwriters.
The issuance is the first from a planned RMB 6 billion program of issuance.
Zengcheng Country Garden is a subsidiary of Country Garden Holdings Co. Ltd., a Foshan, China-based real estate developer focused on large-scale residential communities.
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