News Column

Beijing Capital Plans to Issue CNY1bn RMB Bonds Overseas

May 7, 2014

BEIJING, May 7, SinoCast -- Beijing Capital Co., Ltd. (SHSE: 600008) agreed wholly-owned subsidiary Beijing Capital (HK) Co. to issue not more than CNY 1 billion 3-year renminbi bonds overseas. Interest rate will be fixed in accordance with trading of similar-type firms on the secondary market. Interest will be paid twice a year. Global coordinator is Wing Lung Bank.

Beijing Capital said the issue went with its development strategy and would help optimize its financing structure, expand investor foundation, widen future financing channels, and enhance brand awareness in global capital market.

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Source: Sinocast Construction & Real Estate Beat (China)