China's PCD Stores plans three-, five-year renminbi-denominated bonds

By Christine Van Dusen

Atlanta, Jan. 18 - China's PCD Stores Group Ltd. plans to issue fixed-rate renminbi-denominated bonds in three- and five-year tranches, according to a company filing.

HSBC is the bookrunner for the offering.

Proceeds will be used for general working capital, to refinance existing debt and to implement expansion strategies.

PCD Stores is a department store chain based in Xiamen, China.

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