Global Medical (02666.HK) subsidiary plans to issue up to a total principal amount of 300 million yuan of medium-term notes.

News from Zhitong finance app, Universal Medical (02666.HK) announced that its wholly-owned subsidiary Universal Global International Financial Leasing (Tianjin) Co., Ltd. (the issuer) has registered in the China Interbank Market Dealers Association to issue domestic medium-term notes with a total principal amount of up to RMB 1 billion. As of the date of this announcement, the remaining amount is RMB 800 million. The issuer has decided to issue the first tranche of domestic medium-term notes in 2026 to institutional investors in China with a total principal amount of up to RMB 300 million. The first tranche of notes has a term of two years, a fixed interest rate, and will be finally determined through book-building at the time of subscription application deadline. The net proceeds from the issuance of the first tranche of notes will be used by the issuer to repay maturing debts.