China Jinmao unit plans RMB 10 billion of perpetuals in two tranches

By Susanna Moon

Chicago, Dec. 12 – China Jinmao Holdings Group Ltd. said wholly owned subsidiary Jinmao Investment Management (Shanghai) Co., Ltd. plans to price RMB 10 billion of unsecured perpetual medium-term notes in two equal tranches.

The perpetuals to be issued in the domestic inter-bank market have been approved by the National Association of Financial Market Institutional Investors on Wednesday, according to a company announcement.

China Jinmao is a Hong Kong-based investment holding company that invests in and develops real estate in mainland China.

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