Jiangsu Expressway (HKG:0177, SHA:600377) issued super short-term commercial papers worth 250 million yuan, according to a Shanghai bourse filing on Friday.
The bonds have a coupon rate of 1.63% and a term of 246 days.
Bank of Jiangsu (SHA:600919) is the lead underwriter of the issuance.
The Chinese expressway operator's Shanghai shares rose 2% and Hong Kong shares climbed over 1% during afternoon trade.
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