Wuxi Guolian Development (Group) Co. Ltd. plans to issue 1 billion yuan of bonds to qualified investors.
The five-year fixed-rate notes will carry a coupon of 4.88%, the Chinese conglomerate said May 7.
The bonds will be offered between May 8 and May 9.
Wuxi Guolian operates in financial and industrial sectors. It engages in brokerage, asset management, securities investment and transfer of shares businesses.
As of May 7, US$1 was equivalent to 6.37 Chinese yuan.