JD-SW has announced the completion of its issuance of senior unsecured notes with a total principal amount of RMB 10 billion. The notes were issued offshore to certain non-U.S. persons in transactions outside the United States in accordance with Regulation S under the U.S. Securities Act of 1933, as amended. The issuance consists of RMB 7.5 billion in notes with a 2.05% coupon maturing in 2031 and RMB 2.5 billion in notes with a 2.75% coupon maturing in 2036. The company plans to use the net proceeds from the note issuance for general corporate purposes, which include repaying certain existing debts and covering interest payments.
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