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      uu8opm posted an update: 13 years, 6 months ago

      Suzhou N pantalon slim ew District begins to issue corporate bonds, buys land
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      Suzhou New District begins to issue corporate bonds, buys landPublished: 08 Nov 2009 19:31:42 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketNov. 9, 2009 (China Knowledge) – Suzhou New District Hi-Tech Industrial Co Ltd<600736>, which is principally engaged in the development of real estate, today began issuing RMB 1 billion in five-year corporate bonds with a coupon rate of between 5.5% and 6.0%, market sources reported.According to the plan, the Shanghai-listed firm is issuing 10 million RMB 100 bonds, 10% of which are being issued online. Subscribers are asked to purchase at least RMB 1 million worth of bonds each in the offline offering. Reportedly, the enterprise on Nov. 5 won the bid for a piece of land in Suzhou, Jiangsu Province for RMB 970 million or RMB 3,486 per square meter of potential floor area. The parcel has a land area of 111,304 sq m. The project will have a floor area of 278,300 sq m, a floor area ratio of up to 2.5 and a building coverage rate of less than 20%. Landscaped areas will cover more than 37% of the development.Copyright © 2009
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