SINGAPORE (July 12): GLP China, the China unit of Global Logistic Properties, says it will issue RMB 1.5 billion ($302.5 million) of RMB-named bonds, also called panda bonds, on the Shanghai Stock Exchange (SSE).
The three-and five-year tenor securities will be valued at 3.12% and 3.58% separately per annum, and will be utilized to reimburse existing obligation and additionally finance the organization's business development in China.
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