By William Gullotti
Buffalo, N.Y., Oct. 15 – China Jinmao Holdings Group Ltd.’s Shanghai Jinmao Investment Management Group Co., Ltd. has sold RMB 2 billion of 3.65% notes with a three-year tenor, according to a notice on Friday.
The issuer is a wholly owned subsidiary of the company.
Proceeds from the issuance will eventually be used to repay other medium-term notes issued by the company in the interbank bond market.
China Jinmao is a Hong Kong-based investment holding company focused on real estate development in mainland China.
| Issuer: | Shanghai Jinmao Investment Management Group Co., Ltd.
|
| Issue: | Second-tranche notes
|
| Amount: | RMB 2 billion
|
| Tenor: | Three years
|
| Coupon: | 3.65%
|
| Trade date: | Oct. 14
|
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