Genertec Universal Medical Group (HKG:2666) unit China Universal Leasing is looking to raise 1 billion yuan from the issue of corporate bonds on the Shanghai bourse, a Tuesday bourse filing said.
The bonds will make up part of an 8 billion yuan bond program approved by the China Securities Regulatory Commission.
The bonds will have a basic term of five years. The issuer will have repurchase and coupon rate adjustment options at the end of the third year, while the investors will be entitled to a sell-back option.
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