E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 2/25/2016 in the Prospect News Emerging Markets Daily.

China’s Jingrui plans up to RMB 1.7 billion domestic corporate bonds

By Marisa Wong

Morgantown, W.Va., Feb. 25 – Jingrui Holdings Ltd. is proposing to issue up to RMB 1.7 billion of domestic corporate bonds in stages, according to a company announcement.

The bonds will be issued through wholly owned subsidiary Jingrui Properties (Group) Co. Ltd.

Guotai Junan Securities (Hong Kong) Ltd. will act as lead underwriter.

The company intends to use the proceeds from the new bonds to refinance existing debt.

United Ratings Co. Ltd. has assigned an AA rating to the bonds.

Jingrui is a Shanghai-based property developer.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.