By Marisa Wong
Morgantown, W.Va., April 13 – China Jinmao Holdings Group Ltd. said it issued RMB 2.5 billion of 4.65% three-year notes on Thursday.
Pricing was determined through a bookbuilding.
Proceeds will be used to repay bank loans and to fund project development.
In December the company announced plans to issue up to RMB 16 billion of medium-term notes in two tranches of up to RMB 8 billion each within two years.
China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China. Jinmao Investment was formerly known as Franshion Properties Investment Management (Shanghai) Co., Ltd.
| Issuer: | China Jinmao Holdings Group Ltd.
|
| Issue: | Fixed-rate medium-term notes, first tranche
|
| Amount: | RMB 2.5 billion
|
| Maturity: | Three years
|
| Coupon: | 4.65%
|
| Settlement date: | April 13
|
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