Longfor Group unit to issue second tranche of medium-term notes

By Mary-Katherine Stinson

Lexington, Ky., Dec. 13 – Longfor Group Holdings Ltd.’s indirect subsidiary, Chongqing Longhu Development Co. Ltd., will be selling a second tranche of medium-term notes (Chengxin: AAA) in China on Dec. 15, according to a notice.

The public offering will not be more than RMB 1.2 billion and the bonds will have a tenor of three years.

The coupon, to be set at pricing, is being talked between 3.4% and 4.4%.

The notes will be guaranteed by China Bond Insurance Co., Ltd.

Longfor is a Beijing investment holding company.

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