China Galaxy Securities or CGS (HKG:6881) completed the issue of 4 billion yuan of short-term commercial paper on Monday, a same-day bourse filing said.
The commercial paper carries a 1.9% coupon rate and will fall due in 183 days.
The brokerage and investment bank will use proceeds from the issue to supplement its working capital.
Shares of the firm closed nearly 2% higher on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments