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FINWIRES

Shanxi Securities to Issue 600 Million Yuan in Tech Innovation Bonds

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Shanxi Securities (SHE:002500) will issue 600 million yuan in tech innovation bonds to professional investors, according to a Monday after-hours filing with the Shenzhen bourse.

The financial company will issue up to 6 million bonds at 100 yuan per bond. The bonds hold a three-year term and a coupon rate ranging from 1.4% to 2% per annum.

At least 70% of the proceeds will fund the technology and innovation sectors and refinance tech investments, while the remaining portion will be used for working capital or debt repayments.

Shares rose nearly 1% during afternoon trading on Tuesday.

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