Poly Developments (SHA:600048) issued two tranches of medium-term bonds amounting to 3.9 billion yuan, according to a Shanghai bourse filing on Saturday.
The Chinese property developer's shares slipped over 1% during Monday's midday trade.
Tranche A amounted to 1 billion yuan, has a coupon rate of 1.85% and a term of three years, maturing on Nov. 27, 2028.
Tranche B was worth 2.9 billion yuan, has a coupon rate of 2.17% and a term of five years, maturing Nov. 27, 2030.
Industrial and Commercial Bank of China (HKG:1398, SHA:601398) is the bookrunner of both tranches.
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