Chicago, April 17 – China Resources Pharmaceutical Group Ltd. said its non-wholly owned subsidiary, China Resources Pharmaceutical Commercial Group Co. Ltd., issued RMB 3 billion of bonds in two parts, according to a notice.
The deal includes 2.45% three-year bonds and 2.63% five-year bonds.
Proceeds are being used to repay interest-bearing debt.
This is the company’s first issuance for the year.
The company is based in Hong Kong. It engages in the research and development, manufacture, distribution, and retail of pharmaceutical and healthcare products.
| Issuer: | China Resources Pharmaceutical Commercial Group Co. Ltd.
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| Amount: | RMB 3 billion
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| Issue: | Corporate bonds
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| Announcement date: | April 17
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| Three-year bonds
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| Tenor: | Three years
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| Coupon: | 2.45%
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| Five-year
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| Tenor: | Five years
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| Coupon: | 2.63%
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