Thu 07/27/2023 00:01 AM
UPDATE 1: 12:01 a.m. ET 7/27/2023: China SCE Group’s onshore subsidiary Xiamen Zhongjun Industrial Co. Ltd. is proposing to issue up to CNY 700 million ($98.1 million) up to three-year medium-term notes in early August, with the initial price guidance in the 3.5% to 4.8% area, according to terms seen by Reorg and two sources familiar with the matter.
China Bond Insurance Co. Ltd. will provide a guarantee for the MTNs, the terms show.
CITIC Securities is the lead underwriter.
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