By Mary-Katherine Stinson
Lexington, Ky., Sept. 29 – China Jinmao Holdings Group Ltd.’s wholly owned subsidiary Shanghai Jinmao Investment Management Group Co., Ltd. issued RMB 2 billion of 3.6% domestic corporate bonds with a five-year tenor, according to an announcement.
The bonds are putable at the end of the third year.
Proceeds from the issuance will be used to repay debt or for general working capital.
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 corporate bonds
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| Tenor: | Five years
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| Coupon: | 3.6%
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| Put: | At the end of third year
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| Announcement date: | Sept. 29
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