Monday, April 25, 2011

GLP sets up RMB 3b medium term note pogramme

Global Logistic Properties (GLP), the operator of logistics facilities in China and Japan, today announced plans to offer up to RMB 3 billion ($568 million) in aggregate principal amount of fixed rate notes under its newly-established Medium Term Note Programme.

Net proceeds from the RMB-denominated notes will be used for general corporate purposes.

China International Capital Corporation, J.P.Morgan, Goldman Sachs and Citi are dealers to offer the RMB-denominated notes. In addition, the company has appointed CICC as financial adviser for the issuance of the RMB-denominated notes.

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