China’s Country Garden to offer up to RMB 5 billion medium-term notes

By William Gullotti

Buffalo, N.Y., March 1 – Country Garden Holdings Co. Ltd. announced that its wholly owned subsidiary, Country Garden Property Group Co., Ltd., received authorization to issue up to RMB 5 billion of medium-term notes, according to an announcement on Tuesday.

According to the announcement, the authorization was dated Feb. 25 and permits the company to issue the aggregate total in tranches over the course of two years.

Country Garden is a Foshan, China, real estate developer.

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