Hengan International Completes Second Tranche of Super Short-Term Commercial Papers Issuance Worth RMB0.7 Billion

Reuters
Aug 29
Hengan International Completes Second Tranche of Super Short-Term Commercial Papers Issuance Worth RMB0.7 Billion

Hengan International Group Co. Ltd. has successfully completed the issuance of the second tranche of its super short-term commercial papers, valued at RMB0.7 billion. This issuance carries a coupon rate of 1.71% per annum and a maturity term of 278 days. The proceeds from this issuance are intended to supplement the working capital of the company and its subsidiaries, as well as to repay bank loans of some domestic subsidiaries. The details of the issuance are available on the websites of China Money https://www.chinamoney.com.cn and Shanghai Clearing House https://www.shclearing.com.cn.

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