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15/11/2019 09:18

China Huarong (02799) completes RMB25bn bond issuance

[ET Net News Agency, 15 November 2019] China Huarong Asset Management Co., Ltd. (02799)
said it completed the issuance of financial bonds of RMB25 billion in the national
interbank bond market in the PRC on 12 November.
The bond comprises two types, including a three-year fixed-rate bond with a coupon rate
of 3.70% and a five-year fixed-rate bond with a coupon rate of 4.05%.
The proceeds will be used mainly to develop the main business of distressed assets of
the company, build diversified financing channels, and supplement the working capital.

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