Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Midea Real Estate Group Co. Ltd. > News item |
China’s Midea intends to issue up to RMB 1.5 billion notes
By William Gullotti
Buffalo, N.Y., Feb. 23 – Midea Real Estate Holding Ltd. said indirect wholly owned subsidiary Midea Real Estate Group Co. Ltd. plans to issue up to RMB 1.5 billion of non-guaranteed notes (Chengxin: AAA), according to an announcement on Wednesday.
The notes will have a four- or five-year tenor, which will be determined along with the coupon rate during a bookbuilding exercise.
The notes will be putable at the same time the coupon interest rate may reset, which will be after two years in the case of a four-year tenor and after three years in the case of a five-year tenor.
Proceeds will be used for project construction.
Midea operates as a holding company based in Foshan, China, and provides property management, property sales, property development and other services.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.