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CGS Sells 4 Billion Yuan Commercial Paper

MT Newswires Live01-21 17:10

China Galaxy Securities or CGS (HKG:6881, SHA:601881) completed the issue of 4 billion yuan of short-term commercial paper on Wednesday, according to a same-day Hong Kong bourse filing.

The commercial paper has a term of 307 days and a final coupon rate of 1.71%.

The securities broker will use proceeds to replenish working capital.

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