Genertec Universal Medical Group (HKG:2666) unit China Universal Leasing is looking to raise 1 billion yuan from the issue of corporate bonds on the Shanghai bourse, a Tuesday bourse filing said.

The bonds will make up part of an 8 billion yuan bond program approved by the China Securities Regulatory Commission.

The bonds will have a basic term of five years. The issuer will have repurchase and coupon rate adjustment options at the end of the third year, while the investors will be entitled to a sell-back option.