Global Medical (02666) affiliated Universal Global International Finance Leasing (Tianjin) plans to issue domestic medium-term notes with a maximum total principal amount of up to 200 million yuan.

The Wise Finance APP reported that Universal Medical (02666) announced that its wholly-owned subsidiary, General Universal International Financial Leasing (Tianjin) Co., Ltd., has decided to issue domestic medium-term notes with a maximum total principal amount of up to RMB 200 million to institutional investors in China. The first series of notes will mature in 2025, with a duration of two years and a fixed interest rate, which will be determined through book-building at the time of subscription. The net proceeds from the issuance of the first series of notes will be used by the issuer to repay maturing debt.