China Vanke Co. Ltd. plans to issue up to 2.5 billion yuan of lease rental bonds to qualified investors.
The five-year bonds will be redeemable after the third year. The indicative range of the coupon rate of the bonds is between 2.90% and 3.90%.
The final coupon rate is expected to be set Sept. 25.
As of Sept. 20, US$1 was equivalent to 7.09 Chinese yuan.
