By William Gullotti
Buffalo, N.Y., July 28 – Poly Property Group Co., Ltd.’s wholly owned subsidiary, Shanghai Poly Property, issued RMB 1 billion of 3.4% medium-term notes to qualified investors, according to a company announcement on Friday.
The medium-term notes have a three-year tenor.
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 billion
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Issue: | Medium-term notes
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Tenor: | Three years
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Coupon: | 3.4%
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Issue date: | July 27
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