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CGS Sells 4 Billion Yuan Commercial Paper

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China Galaxy Securities (HKG:6881, SHA:601881), or CGS, completed the issue of 4 billion yuan of a commercial paper on Friday, according to a same-day filing with the Hong Kong bourse.

The commercial paper carries a coupon rate of 1.47% and will fall due in 251 days.

The securities broker will use proceeds to supplement working capital.

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