Yankuang Energy (HKG:1171, SHA:600188) issued 2 billion yuan in super short-term bonds, according to a Hong Kong bourse filing on Saturday.
The Chinese energy company's Hong Kong and Shanghai shares both dropped over 3% during Monday's midday trade.
The bonds have an interest rate of 1.56% and a term of 140 days.
China Merchants Bank (HKG:3968, SHA:600036) acted as the bookrunner and lead underwriter, the filing said.
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.