Genertec’s Subsidiary Launches Medium-Term Notes
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Genertec’s Subsidiary Launches Medium-Term Notes

Genertec Universal Medical Group Company (HK:2666) has released an update.

Genertec Universal Medical Group Company Limited announces the launch of the first tranche of domestic medium-term notes in the PRC by its wholly-owned subsidiary, China Universal Leasing Co., Ltd. The issuance aims to raise up to RMB 1 billion with a three-year term and a fixed interest rate, determined post-subscription, to repay maturing debts. The T1 Notes will be available to domestic institutional investors, excluding certain restricted parties, and are expected to be traded in the inter-bank bond market from October 17, 2024.

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