Hong Kong-based Citic plans up to RMB 7 billion medium-term notes

By Marisa Wong

Madison, Wis., July 20 – Citic Ltd. is planning to issue up to RMB 7 billion of medium-term notes, according to a notice.

The issuance will have a term of no more than 10 years.

The notes will be issued through wholly owned subsidiary Citic Corp. Ltd.

This will be the company’s first tranche of medium-term notes for 2015.

Citic is a Hong Kong-based conglomerate that focuses on raw materials and infrastructure.

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