Ronshine China to price up to RMB 1.32 billion five-year bonds

By Wendy Van Sickle

Columbus, Ohio, Feb. 2 – Ronshine China Holdings Ltd. announced that subsidiary Rongxin (Fujian) Investment Group Co., Ltd. plans to issue up to RMB 1.318 billion of five-year domestic corporate bonds.

The bonds will have a coupon adjustment option at the end of the second and fourth years. The bonds will also be putable on the coupon reset dates.

Pricing will be determined through a book-building exercise to be conducted on Wednesday.

This is the company’s first tranche of domestic corporate bonds for 2021. Rongxin plans to issue up to RMB 9.66 billion of bonds for the year.

Ronshine is a property developer based in Fuzhou, China.

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