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Published on 8/23/2016 in the Prospect News Emerging Markets Daily.

New Issue: China’s Wuzhou subsidiary issues RMB 500 million 6.9% three-year bonds

By Marisa Wong

Morgantown, W.Va., Aug. 23 – Wuzhou International Holdings Ltd. said indirect wholly owned subsidiary Wuzi Wuzhou Ornament City Co., Ltd. issued RMB 500 million of 6.9% three-year bonds on Tuesday.

Pricing for the onshore corporate bonds was determined through a book-building process on Aug. 19, according to a company announcement.

The real estate company is based in Wuxi, China.

Issuer:Wuzi Wuzhou Ornament City Co., Ltd.
Issue:Corporate bonds
Amount:RMB 500 million
Maturity:Three years
Coupon:6.9%
Pricing date:Aug. 19
Settlement date:Aug. 23

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