China Industrial Securities International Financial (HKG:6058) subsidiary CISI Investment sold and purchased debts issued by a Maryland-based REIT on Friday, according to a same-day filing with the Hong Kong bourse.
Shares jumped 3% during late afternoon trading on Monday.
CISI Investment sold $10 million of debts with a 5% coupon issued by the REIT, which is a public storage operating company. The debts mature in 10 years, on July 1, 2035.
Proceeds from the sale of debts, estimated at HK$9.9 million, will be used for working capital or new investments.
Meanwhile, CISI Investment also purchased $10 million of debts from the same issuer, according to a separate filing.
The debts have a 5% interest rate per annum and mature on July 1, 2035, the filing said.