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CIFI Group completes issuance of RMB3.5 bln corporate bonds

BEIJING
2015-10-19 11:04

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CIFI Group (00884), one of China's real estate companies listed in Hong Kong, announced recently that it has completed the issuance of five-year corporate bonds worth 3.5 billion yuan.

According to the announcement, the bond was 3.5 times oversubscribed. The raised fund will be used to repay bank loans and replenish the company's working capital, the company said.

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