[corporate bonds]
Vanke plans to issue corporate bonds of no more than 1.99 billion yuan
On February 28, China Vanke Co.Ltd(000002) (hereinafter referred to as “Vanke”) announced that it planned to issue “corporate bonds to be publicly issued to professional investors in 2022 (phase I)”.
According to the announcement, the issuance scale of this bond shall not exceed 1.99 billion yuan (including). The bond is divided into two types. The first type is 3-year term, and the inquiry range of coupon rate is 2.5% – 3.5%; The second variety has a 5-year term, and the inquiry range of coupon rate is 2.8% – 3.8%.
Vanke said that after deducting the issuance expenses, the raised funds are intended to be used to repay the corporate bonds sold back.
[medium term note]
Beijing Capital Development Co.Ltd(600376) plans to issue medium-term notes of no more than 2.55 billion yuan
On February 28, according to the disclosure of Shanghai clearing house, Beijing Capital Development Co.Ltd(600376) (hereinafter referred to as ” Beijing Capital Development Co.Ltd(600376) “) plans to issue the second phase of medium-term notes in 2022, with an upper limit of 2.55 billion yuan and an issuance period of 3 + 2 years, together with the issuer’s option to adjust the coupon rate and the investor’s resale option at the end of the third year.
According to the prospectus, the notes will be issued from March 2 to March 3, 2022, with interest from March 4, 2022.
Beijing Capital Development Co.Ltd(600376) said that the raised funds were intended to be used to repay the principal of debt financing instruments.
