By William Gullotti
Buffalo, N.Y., July 27 – China Jinmao Holdings Group Ltd.’s Shanghai Jinmao Investment Management Group Co., Ltd. has issued RMB 2 billion of 3.29% domestic unsecured medium-term notes with a three-year tenor, according to an announcement on Wednesday.
The issuer is a wholly owned subsidiary of the company.
As stated in the announcement, proceeds from the issuance will eventually be used for project construction.
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.
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| Amount: | RMB 2 billion
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| Issue: | Domestic unsecured medium-term notes
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| Tenor: | Three years
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| Coupon: | 3.29%
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| Issue date: | July 27
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