Financing of real estate enterprises: Vanke and Beijing Capital Development Co.Ltd(600376) released financing plans

[medium term note]

Vanke plans to issue 2 billion yuan of medium-term notes

On December 27, the registration information system of debt financing instruments of non-financial enterprises disclosed a reply on the supplementary information of China Vanke Co.Ltd(000002) (hereinafter referred to as “Vanke”) registration documents.

According to the first draft of the prospectus for the sixth phase of medium-term notes of Vanke in 2021, Vanke plans to issue 2 billion yuan of medium-term notes with a term of 3 years. Vanke said that the funds raised by the medium-term notes were used to repay the existing bank loans.

As of the date of signing the prospectus, Vanke’s outstanding overseas bonds amounted to USD 4.574 billion and RMB 1.95 billion, and its outstanding domestic bonds amounted to RMB 40.838 billion.

[corporate bonds]

Beijing Capital Development Co.Ltd(600376) it is proposed to issue 6 billion yuan of corporate bonds

On December 27, Beijing Capital Development Co.Ltd(600376) (hereinafter referred to as ” Beijing Capital Development Co.Ltd(600376) “) issued an announcement on the plan for public issuance of corporate bonds to professional investors.

The announcement shows that the total face value of the bonds to be issued is no more than 6 billion yuan (including 6 billion yuan), and the bond term is no more than 7 years (including 7 years). It can be a single term variety or a mixed variety of terms.

Beijing Capital Development Co.Ltd(600376) said that the raised funds will be used to repay various interest bearing debts about to expire (or resale), supplement working capital, mergers and acquisitions and other purposes permitted by laws and regulations.

(Beijing News)

 

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