Chellona Rental Car Issues 200 million US Dollars Bills, which will expire in May 222

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 Chellona Rental Car Issues 200 million US Dollars Bills, which will expire in May 222


Shenzhou Rental Car issued a notice saying that it will issue bills with a total principal of US$200 million, which will expire on May 10, 222 unless early redemption is made in accordance with the terms of the bills. Bills are charged at an annual interest rate of 8.85 per cent since May 10, 2019 and are paid at the end of each half year.

Blue Whale TMT Channel, May 8, Shenzhou Rental Car announced that it would issue bills with a total principal of $200 million, which would expire on May 10, 222 unless redeemed early according to the terms of the bills. Bills are charged at an annual interest rate of 8.85 per cent since May 10, 2019 and are paid at the end of each half year.

According to the previous 2008 financial report issued by Shenzhou Rental Vehicle Company, the total rental revenue was 5.344 billion yuan, an increase of 6% over the same period of last year, of which the total rental revenue was 4.485 billion yuan, an increase of 18% over the same period of last year. Income from fleet rental and other business totaled 855 million yuan, down 32% from the same period last year. In fiscal year 2018, the average daily income of car rental bicycles was 134 yuan, compared with 153 yuan in the same period last year, and the utilization rate of vehicles was 61.5%, compared with 66.7% in the same period last year.

Source: Blue Whale TMT Responsible Editor: Yao Liwei_NT6056