By Marisa Wong
Morgantown, W.Va., Sept. 10 – Poly Culture Group Corp. Ltd. issued RMB 400 million of 4.92% three-year bonds on Friday, according to a company announcement.
Citic Securities Co. Ltd. acted as lead underwriter.
Proceeds will be used to repay interest-bearing debt and as additional working capital.
Beijing-based Poly organizes large-scale art and cultural activities and performances.
| Issuer: | Poly Culture Group Corp. Ltd.
|
| Issue: | Corporate bonds, 2018 first tranche
|
| Amount: | RMB 400 million
|
| Maturity: | Three years
|
| Underwriter: | Citic Securities Co. Ltd.
|
| Coupon: | 4.92%
|
| Settlement date: | Sept. 7
|
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