By Marisa Wong
Morgantown, W.Va., April 12 – China Saite Group Co. Ltd. announced it issued HK$10 million of 0.1% bonds due 2035 to professional investors on Thursday.
The bonds were issued under the company’s HK$516 million medium-term bond program established on Nov. 14 with a one-year tenor.
The bonds are callable and putable on Oct. 8, 2027.
China Saite is an integrated steel and prefabricated construction solutions provider based in Yixing, Jiangsu, China.
| Issuer: | China Saite Group Co. Ltd.
|
| Issue: | Medium-term bonds
|
| Amount: | HK$10 million
|
| Maturity: | 2035
|
| Coupon: | 0.1%
|
| Call option: | On Oct. 8, 2027
|
| Put option: | On Oct. 8, 2027
|
| Settlement date: | April 11
|
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