Chicago, Feb. 24 – Poly Property Group Co., Ltd.’s wholly owned subsidiary, Shanghai Poly Property, issued RMB 2 billion of corporate bonds in a domestic sale, according to a notice.
The bonds are being issued in two parts and were sold to qualified investors.
The company sold RMB 1 billion of 3.7% bonds with a term of three years plus two years.
Also included in the sale was RMB 1 billion of 4.2% bonds with a five-year plus two-year term.
Proceeds will be used to repay debts and for working capital purposes.
The bonds will be listed on the Shanghai Stock Exchange.
Poly Property is a residential and commercial property company based in Hong Kong.
| Issuer: | Shanghai Poly Property
|
| Amount: | RMB 2 billion
|
| Issue: | Corporate bonds
|
| Settlement date: | Feb. 24
|
| Distribution: | Public
|
|
|
| First tranche
|
| Amount: | RMB 1 billion
|
| Tenor: | Three years plus two years
|
| Coupon: | 3.7%
|
|
|
| Second tranche
|
| Amount: | RMB 1 billion
|
| Tenor: | Five years plus two years
|
| Coupon: | 4.2%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
