By Marisa Wong
Morgantown, W.Va., March 8 – Yida China Holdings Ltd. subsidiary Dalian Yida Development Co. Ltd. issued RMB 2 billion of 6½% five-year domestic corporate bonds on Tuesday, according to a company announcement.
The issuer will be entitled to adjust the coupon rate and investors will be able to sell back the bonds at the end of the third year.
Yida is a Dalian, China-based operator of business parks.
| Issuer: | Dalian Yida Development Co. Ltd.
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| Issue: | Domestic corporate bonds
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| Amount: | RMB 2 billion
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| Term: | Five years
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| Coupon: | 6½%, subject to adjustment at the end of year three
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| Put option: | At the end of year three
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| Settlement dates: | March 8
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