By William Gullotti
Buffalo, N.Y., Jan. 9 – Poly Property Group Co., Ltd.’s wholly owned subsidiary, Shanghai Poly Property, issued RMB 1.5 billion of 3.82% medium-term notes, according to a company announcement on Monday.
The third tranche of medium-term notes has a three-year tenor.
The first and second tranches of the notes were issued June 20, 2022 and Aug. 26, 2022, respectively.
Proceeds will be used for property development projects.
Poly Property is a residential and commercial property company based in Hong Kong.
| Issuer: | Shanghai Poly Property
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| Amount: | RMB 1.5 billion
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| Issue: | Medium-term notes, third tranche
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| Tenor: | Three years
|
| Coupon: | 3.82%
|
| Issue date: | Jan. 9
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