China’s Minmetals Land plans offering of senior guaranteed bonds

By Marisa Wong

Los Angeles, July 14 – Minmetals Land Ltd. is proposing to issue senior guaranteed bonds, according to a notice.

The bonds will be issued through British Virgin Islands wholly owned subsidiary Expand Lead Ltd. and guaranteed by the parent company.

Proceeds from the Regulation S offering will be used to refinance existing debt under the company’s sustainable finance framework.

Minmetals Land is a real estate development company based in Hong Kong. Its ultimate controlling shareholder is China Minmetals Corp., a state-owned enterprise.

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