Zhejiang Communications Technology (SHE:002061) issued 500 million yuan in three-year medium-term debts, according to a Thursday filing with the Shenzhen bourse.
The shares form part of a 1-billion-yuan issuance and held a coupon rate of 1.91%.
CITIC Bank (HKG:0998, SHA:601998) is the bookkeeping manager and lead underwriter, while China Zheshang Bank's (HKG:2016, SHA:601916) is the joint lead underwriter.
Shares fell more than 2% during afternoon trading on Thursday.
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