By William Gullotti
Buffalo, N.Y., Aug. 26 – Poly Property Group Co., Ltd. wholly owned subsidiary Shanghai Poly Property issued RMB 1 billion of 3.29% medium-term notes, according to a company announcement.
The sale marks the company’s second tranche of medium-term notes issued in 2022. Unlike the first tranche issued on June 20, also for an aggregate total of RMB 1 billion, the second tranche is composed of a single series of three-year notes with a 3.29% coupon.
Proceeds will be used for property development projects.
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
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| Amount: | RMB 1 billion
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| Issue: | Medium-term notes, second tranche
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| Tenor: | Three years
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| Coupon: | 3.29%
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| Issue date: | Aug. 26
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| Listing: | Shanghai
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