China Galaxy Securities (HKG:6881) issued the 2024 tenth tranche of short-term commercial paper at a nominal value and issue price of 100 yuan per unit and with an issue size of 4 billion yuan, a Wednesday Hong Kong bourse filing said.
The term of the commercial paper is set at 92 days and it has a final coupon rate of 1.88%.
The company plans to use the proceeds from the issuance for general corporate purposes.
The state-owned brokerage and investment bank's shares closed nearly 2% higher on Wednesday.
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