China’s Universal Medical to sell RMB 400 million one-year bonds

By Marisa Wong

Morgantown, W.Va., April 25 – Universal Medical Financial & Technical Advisory Services Co. Ltd. plans to issue RMB 400 million of 365-day bonds.

The bonds will be issued at par through wholly owned subsidiary China Universal Leasing Co., Ltd.

Bank of Beijing Co., Ltd. and Industrial Bank Co., Ltd. are the joint lead underwriters for these 2018 second tranche bonds.

The company completed the first tranche, RMB 450 million of 4.74% one-year bonds, on April 19.

Proceeds from the second tranche will be used to repay maturing debt.

Universal Medical is a health care provider based in Beijing. Its subsidiary offers leasing services for medical equipment and transportation.

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