China’s Zhenro Properties increases coupon on 2019 bonds to 7.2%

By Marisa Wong

Morgantown, W.Va., Sept. 18 – Zhenro Properties Group Ltd.’s wholly owned subsidiary, Jiangxi Zhenro Real Estate Development Co., Ltd., adjusted the coupon on its three-year bonds issued in 2016, according to a notice.

Based on market conditions, the company decided to increase the coupon to 7.2% from 6.4% for the last year of the bonds’ three-year term.

The bonds are putable. Bonds not repurchased will bear interest at the new rate.

The real estate developer and property manager is based in Shanghai.

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