BOCOM International (HKG:3329) unit Preferred Investment acquired around $5 million each of two types of bonds to be issued by China Cinda (2020) I Management from the over-the-counter market, a Monday Hong Kong bourse filing said.
The bonds make up part of $500 million of 4.375% fixed-rate guaranteed bonds due Nov. 13, 2028, and $460 million of floating-rate guaranteed bonds due Nov. 13, 2030. The bonds will be issued Nov. 13.
The issuer of the bonds is indirectly wholly owned by asset manager China Cinda Asset Management (HKG:1359).