July 28 -- Real estate developer China Resources Land (1109.HK) will issue $250 million worth of bills to fund new developments, reports caijing.com.cn, citing a company filing.
The coupon rate of the bills was fixed at 4.625 percent.
The company will obtain a net $2.47 billion from the issuance.
China Resources Land had issued $750 million worth of bills on May 19 at a coupon rate of 4.625 percent.
The current issuance is the second tranche of the bills issued on May 19. The bills will mature in 2016.
Source:CapitalVue