Hangzhou Binjiang Real Estate Group Co. Ltd. issued March 15 three-year medium-term notes amounting to 2.18 billion yuan.
The notes, which were issued in denominations of 100 yuan, hold a 6.40% coupon rate and will mature March 15, 2021, according to a filing.
The Chinese real estate developer earlier received approval from the country's National Association of Financial Market Institutional Investors for the issuance of medium-term notes not exceeding 3.00 billion yuan.
Hangzhou Binjiang also announced March 16 its plans to issue up to a 6.50 billion yuan short-term unsecured debt facility in the form of commercial paper.
As of March 16, US$1 was equivalent to 6.33 yuan.
