By Marisa Wong
Madison, Wis., June 10 – Maoye International Holdings Ltd. announced that its wholly owned subsidiary, Shenzhen Maoye Trade Building Co. Ltd. (Maoye Shangsha), issued RMB 400 million of one-year notes on Tuesday.
The notes carry a coupon of 5.3%.
Proceeds will be used to repay bank loans and for general working capital purposes.
Maoye is a department store based in Shenzhen, China.
| Issuer: | Shenzhen Maoye Trade Building Co. Ltd.
|
| Issue: | Notes
|
| Amount: | RMB 400 million
|
| Maturity: | 365 days
|
| Coupon: | 5.3%
|
| Settlement date: | June 10
|
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