The wholly-owned subsidiary of CHINA JINMAO (00817), Shanghai Jinmao Investment Management Group Co., Ltd., has completed the issuance of its second tranche of medium-term notes for 2026 to qualified investors on July 17, 2026, with a total principal amount of 2.5 billion yuan.
The notes have a term of five years and include an option for the issuer to adjust the coupon rate at the end of the third year, as well as an option for investors to sell the notes back. The final coupon rate has been set at 2.20%.
The proceeds from the issuance of this second tranche are intended to be used for repaying the company's other maturing notes.
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