Published on 9/19/2016 in the Prospect News Emerging Markets Daily.
New Issue: China’s Wuzhou subsidiary issues RMB 1.5 billion 7.4% three-year bonds
By Marisa Wong
Morgantown, W.Va., Sept. 19 – Wuzhou International Holdings Ltd. said indirect wholly owned subsidiary Wuzi Wuzhou Ornament City Co., Ltd. issued RMB 1.5 billion of 7.4% three-year bonds on Monday.
Pricing for the second tranche onshore corporate bonds was determined through a book-building process on Sept. 14, according to a company announcement.
The real estate company is based in Wuxi, China.
Issuer: | Wuzi Wuzhou Ornament City Co., Ltd.
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Issue: | Corporate bonds, second tranche
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Amount: | RMB 1.5 billion
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Maturity: | Three years
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Coupon: | 7.4%
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Pricing date: | Sept. 14
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Settlement date: | Sept. 19
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