Genertec Universal Medical (HKG:2666) unit China Universal Leasing decided to launch the issue of up to 250 million yuan of bonds to domestic institutional investors in China, according to a Monday Hong Kong bourse filing.
Shares of the company were up nearly 2% in Tuesday afternoon trading.
The bonds, to be issued under a 3 billion yuan bond program, will have a two-year term and fixed interest rate.
China Universal Leasing intends to use proceeds to repay maturing debts.
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