By Marisa Wong
Madison, Wis., Jan. 21 – Maoye International Holdings Ltd. announced that its wholly owned subsidiary, Shenzhen Maoye Trade Building Co. Ltd. (Maoye Shangsha), issued RMB 800 million of one-year notes on Wednesday.
The notes carry a coupon of 5.23%.
Maoye Shangsha had registered to issue up to RMB 1.6 billion of short-term financing notes. This will be the subsidiary’s second tranche of short-term financing notes. The first tranche was issued in July 2014, as reported.
Proceeds will be used to repay bank loans and for general working capital purposes.
China Cheng Xin International Credit Rating Co. Ltd. has assigned an A-1 rating to the notes.
Maoye is a department store based in Shenzhen, China.
| Issuer: | Shenzhen Maoye Trade Building Co. Ltd.
|
| Issue: | Notes
|
| Amount: | RMB 800 million
|
| Maturity: | 365 days
|
| Coupon: | 5.23%
|
| Settlement date: | Jan. 21
|
| Rating: | China Cheng Xin: A-1
|
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