China’s Future Land Holdings plans RMB 5 billion corporate bonds

By Marisa Wong

Morgantown, W.Va., Aug. 1 – Future Land Development Holdings Ltd.’s subsidiary, Future Land Holdings Co., Ltd., is planning to issue up to RMB 5 billion of corporate bonds in tranches.

The Shanghai Stock Exchange has approved the proposed issuance, according to a company announcement.

Citic Securities Co., Ltd. and Morgan Stanley Huaxin Securities Co., Ltd. are the underwriters.

Future Land is a Hong Kong-based real estate operator and developer.

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