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CGS Sells 5 Billion Yuan Commercial Paper

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China Galaxy Securities (HKG:6881, SHA:601881) or CGS completed the issue of 5 billion yuan of a commercial paper, according to a Friday Hong Kong bourse filing.

The commercial paper carries a final coupon rate of 1.44% and will fall due in 187 days.

The securities broker will use proceeds to supplement its working capital.

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