Brief: Poly Property Announces Establishment Of Asset-Backed Securities Programme

Poly Property

08/03/2022 10:31

March 8 (Reuters) - Poly Property Group Co Ltd  0119.HK :
    * POLY PROPERTY - ESTABLISHMENT OF ASSET-BACKED SECURITIES
PROGRAMME
    * POLY PROPERTY- TOTAL ISSUE SIZE OF ASSET-BACKED SECURITIES
PROGRAMME IS RMB1.01 BILLION
    * POLY PROPERTY- PROCEEDS FROM ISSUE OF COMMERCIAL
ASSET-BACKED
SECURITIES WILL BE USED FOR GENERAL WORKING CAPITAL PURPOSES OF
GROUP
    * POLY PROPERTY - BOARD BELIEVES ISSUE OF COMMERCIAL
ASSET-BACKED
SECURITIES WOULD OPTIMISE GROUP'S OVERALL DEBT STRUCTURE
    * POLY PROPERTY- UNDER ASSET-BACKED SECURITIES PROGRAMME,
UNIT
ISSUES COMMERCIAL MORTGAGE- BACKED SECURITIES TO QUALIFIED
INVESTORS IN PRC

Source text for Eikon:  ID:nHKS67DzDZ 
Further company coverage:  0119.HK 

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