By William Gullotti
Buffalo, N.Y., Nov. 30 – Chongqing Longhu Development Co. Ltd., an indirect subsidiary of Longfor Group Holdings Ltd., issued RMB 2 billion of 3% three-year bonds (Chengxin: AAA), according to an announcement on Wednesday.
The notes were talked at a 3% to 3.8% coupon and will be guaranteed by China Bond Insurance Co., Ltd.
The issue represents the company’s second tranche of domestic corporate bonds for 2022.
Longfor is a Beijing investment holding company.
| Issuer: | Chongqing Longhu Development Co. Ltd.
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| Guarantor: | China Bond Insurance Co., Ltd.
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| Amount: | RMB 2 billion
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| Issue: | Medium-term notes, 2022 second tranche
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| Tenor: | Three years
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| Coupon: | 3%
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| Issue date: | Nov. 29
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| Announcement date: | Nov. 30
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| Rating: | China Chengxin: AAA
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| Price talk: | 3% to 3.8%
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