China Jushi (SHA:600176) issued 500 million yuan of ultra-short-term bonds, according to a Wednesday disclosure on the Shanghai Stock Exchange.

The 179-day bond has an interest rate of 2.12% and will mature on April 18, 2025, the Chinese fiberglass material manufacturer said.

Postal Savings Bank of China or PSBC (HKG:1658, SHA:601658) served as the bookkeeper and lead underwriter for the issuance.

Shares of the company slipped more than 2% in recent trade.

Price (HKD): $10.52, Change: $-0.25, Percent Change: -2.32%