CGS Sells 4 Billion Yuan of 107-Day Commercial Paper

MT Newswires Live
06-03

China Galaxy Securities or CGS (HKG:6881, SHA:601881) completed the issue of 4 billion yuan of a short-term commercial paper, a Tuesday filing with the Hong Kong bourse said.

The commercial paper carries a final coupon rate of 1.69% and will fall due in 107 days.

The Chinese brokerage and investment bank will use proceeds from the issue to supplement working capital.

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