[ET Net News Agency, 27 November 2014] Beijing Capital Land (02868) said it agreed to
issue senior perpetual capital securities in an aggregate nominal amount of US$450 million
under the US$1,000 million guaranteed medium term note and perpetual securities programme.
The net proceeds will be used for working capital and general corporate purposes.
The initial distribution rate will be 7.125% per annum. Application has been made to the
Stock Exchange for the listing of, and permission to deal in the drawdown securities by
way of an offering to professional investors only and such permission is expected to
become effective on or about 3 December. (HL)
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