China Cinda Completes
Issuance of New Financial Bonds
On 27 May 2014, China Cinda Asset Management Co., Ltd successfully completed the issuance of financial bonds in an aggregate amount of RMB20 billion in the country's national interbank bond market. Two types of bonds were issued, comprising of three-year fixed rate bond with coupon rate of 5.20%, and five-year fixed rate bond with coupon rate of 5.35%.
Proceeds from the issuance of the Bond will be used for the following: (i) replenish the operation capital of the Company; (ii) optimize its assets and liabilities structure; and (iii) promote China Cinda's business development and financial innovation. It may also be used for other purposes subject to approval of regulatory authorities and in accordance with relevant industrial policies of the PRC.