[medium term note]
Greentown group plans to issue medium-term notes of no more than 2.6 billion yuan
On January 4, Greentown Real Estate Group Co., Ltd. (hereinafter referred to as “Greentown group”) announced that it planned to issue the first phase of medium-term notes in 2022, with a basic issuance scale of RMB 0 billion, an upper limit of RMB 2.6 billion and a issuance period of 3 years.
According to the prospectus, of the funds raised by the bonds, no more than 500 million yuan is used to repay the issued debt financing instruments, no more than 1 billion yuan is used to replace the self owned funds used to redeem the matured debt financing instruments, no more than 950 million yuan is used to repay bank loans, and no more than 150 million yuan is used for project construction. The bonds will bear interest on January 10, 2022.
[corporate bonds]
Bbmg Corporation(601992) it is proposed to issue renewable corporate bonds of no more than RMB 1.5 billion
On January 4, Bbmg Corporation(601992) (hereinafter referred to as ” Bbmg Corporation(601992) “) announced that it planned to publicly issue 2022 renewable corporate bonds (phase I) to professional investors. The amount of the bonds is no more than 1.5 billion yuan, the coupon rate is uncertain, and the interest will start on January 7, 2022.
The prospectus shows that the bonds are divided into two varieties, of which variety 1 takes every three interest years as a cycle and variety 2 takes every five interest years as a cycle. At the end of each cycle, the issuer has the right to choose to extend the term of the bonds for one cycle, or choose to pay the bonds in full at the end of the cycle. Bbmg Corporation(601992) said that the funds raised by the bonds, after deducting the issuance expenses, were intended to be used to repay bank loans.
(Beijing News)
