Poly Developments issues ¥5 bn in 2025 medium-term notes

Poly Developments and Holdings Group Co., Ltd. has successfully issued its third tranche of 2025 medium-term notes, totaling a registered amount of ¥5 billion. This issuance, approved by the National Association of Financial Market Institutional Investors, comprises two tranches: MTN003A and MTN003B. MTN003A is a 3-year note with an issue size of ¥500 million and an interest rate of 2.00%, while MTN003B is a 5-year note with an issue size of ¥2.5 billion and an interest rate of 2.21%. Both notes were issued at par.

The principal for both tranches will commence on October 22, 2025. MTN003A will mature on October 22, 2028, and MTN003B will mature on October 22, 2030. China Everbright Bank Company Limited served as the bookrunner and lead underwriter, with Industrial Bank Co., Ltd. and CITIC Bank Corporation Limited as joint lead underwriters.

These fixed-rate notes were priced through a book-building and centralized placement process. Interest payment dates will be October 22 annually throughout the life of the notes, with adjustments for legal holidays or rest days to the next working day.