Poly Property Group (HKG:0119) subsidiary Shanghai Poly Property has issued 1.5 billion yuan of 2.98% bonds with a term of 3+2 years in China, a Wednesday bourse filing said.
The property developer will use the issuance proceeds to repay debts.
Shares of the firm closed nearly 7% higher on Wednesday.
Price (HKD): $1.76, Change: $+0.11, Percent Change: +6.67%
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