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China Aerospace Times Electronics Issues Ultra-Short-Term Commercial Paper of 830 Million Yuan; Shares Down 5%

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China Aerospace Times Electronics (SHA:600879) issued 830 million yuan in ultra-short-term commercial paper, according to a Shanghai bourse filing on Tuesday.

The bonds have a coupon rate of 1.53% and a term of 124 days.

China Merchants Bank (SHA:600036, HKG:3968) is the lead underwriter of the issuance.

The aerospace company's shares dropped 5% during the midday trade.

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