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China’s Maoye subsidiary plans to offer up to RMB 2.9 billion bonds
By Marisa Wong
Morgantown, W.Va., Sept. 27 – Maoye International Holdings Ltd. announced that non-wholly owned subsidiary Maoye Commercial Co., Ltd. is proposing a public issue of bonds totaling up to RMB 900 million and a non-public issue totaling up to RMB 2 billion.
Maoye Commercial entered into two separate underwriting agreements with BOC International (China) Ltd. on Tuesday, according to a notice.
The public bonds will have a maturity of up to five years, and the non-public bonds will have a maturity of up to three years.
Pricing will be determined through a book-building.
Maoye is a department store based in Shenzhen, China.
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