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Poly Real Estate nodded to issue max RMB15bln bonds, CSRC

2015-11-16 21:50

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Poly Real Estate Group Co., Ltd. (600048.SH), a leading Chinese real estate developer listed on the Shanghai Stock Exchange, announced on Monday that the China Securities Regulatory Commission (CSRC) had approved its application to issue a maximum of 15 billion yuan worth of corporate bonds.

The bonds will be issued in tranches, with the first batch to be auctioned within one year and the rest ones to be offered within two years, according to the announcement.

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