By Marisa Wong
Los Angeles, Aug. 29 – China Jinmao Holdings Group Ltd. said it issued RMB 2 billion of five-year domestic corporate bonds through indirect wholly owned subsidiary Shanghai Jinmao Investment Management Group Co., Ltd.
China Jinmao previously announced that the coupon rate would be between 3% and 4.2%. The final rate was determined through a book-building process.
At the end of the third year, the bonds will have a coupon adjustment option and a put option.
Proceeds will be used to repay debt.
China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.
| Issuer: | Shanghai Jinmao Investment Management Group Co., Ltd.
|
| Issue: | Domestic corporate bonds
|
| Amount: | RMB 2 billion
|
| Maturity: | Five years
|
| Coupon: | 3.65%, adjustable at end of third year
|
| Put option: | At end of third year
|
| Settlement date: | Aug. 28
|
| Price talk: | 3%-4.2%
|
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