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Beijing Capital Land : BJ Capital Land to issue US$450m perpetual securities

11/26/2014 | 11:59pm US/Eastern

[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)

(c) 2014 ET Net Limited. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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Latest news on BEIJING CAPITAL LAND LIMIT
1d ago BEIJING CAPITAL LAND : BJ Capital Land to issue US$450m perpetual securities
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