Dim sum bond offering for PRC department store operator

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    Intime Department Store Company (Intime), a PRC department store operator, has made an offering of dim sum bonds. The offering was Rmb1 billion (US$155…

    Intime Department Store Company (Intime), a PRC department store operator, has made an offering of dim sum bonds. The offering was Rmb1 billion (US$155 million) 4.65% of guaranteed bonds due 2014, which are listed on the Hong Kong Stock Exchange with a Regulation S placement to global investors.

    The issuer has 23 department stores in Zhejiang, Hubei and Shaanxi provinces. The proceeds of the offering will be used ti finance future expansion, repayment of debt and for general corporate purposes.

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