By William Gullotti
Buffalo, N.Y., Dec. 18 – Chongqing Longhu Development Co. Ltd., an indirect subsidiary of Longfor Group Holdings Ltd., issued RMB 1.2 billion of 3.66% three-year notes (Chengxin: AAA) on Friday, according to an announcement on Monday.
The notes will be guaranteed by China Bond Insurance Co., Ltd.
The issue represents the company’s second tranche of medium-term notes for 2023.
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 1.2 billion
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| Issue: | Medium-term notes, 2023 second tranche
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| Tenor: | Three years
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| Coupon: | 3.66%
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| Issue date: | Dec. 15
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| Announcement date: | Dec. 18
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| Rating: | Chengxin: AAA
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