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Gemdale Corp's Subsidiary Issues RMB Bonds

Friday, 15 Mar 2013 08:00pm EDT 

Gemdale Corp announced that its wholly owned indirect subsidiary, an Asia-based holdings company, has issued RMB 2 billion worth of renminbi bonds in overseas market. The bonds will be matured on March 21, 2018 and the interest rate is 5.625%. HCBC Bank and Standard Chartered Bank jointly served as the main underwriter.