China's Intime Department Store Group plans renminbi bond offering

By Christine Van Dusen

Atlanta, July 5 - China's Intime Department Store Group Co. Ltd. is planning a renminbi-denominated issue of bonds, according to a company filing.

Citicorp, Nomura and ICBC Asia are the bookrunners for the Regulation S notes.

The proceeds will be used to fund future expansion, for general corporate purposes and for the repayment of existing debt obligations.

Intime is a Beijing-based operator and manager of department stores.

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