By Rebecca Melvin
Concord, N.H., June 23 – China Resources Pharmaceutical Group Ltd. said its wholly-owned subsidiary, China Resources Pharmaceutical Holdings Co. Ltd., issued RMB 2.5 billion of 3˝% three-year notes on Wednesday.
The issuance represents the company’s first tranche of notes issued in 2021.
The proceeds will be used to replenish working capital.
The investment holding company is based in Hong Kong.
| Issuer: | China Resources Power Holdings Co. Ltd.
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| Guarantor: | China Resources Pharmaceutical Group Ltd.
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| Issue: | Notes, first 2021 tranche
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| Amount: | RMB 2.5 billion
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| Maturity: | Three years
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| Coupon: | 3˝%
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| Issue date: | June 23
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