POLY PROPERTY (00119) subsidiary Shanghai Poly Real Estate completed the issuance of the first tranche of corporate bonds in 2025.

Poly Property (00119) announced that its wholly-owned subsidiary, Poly Property Limited (Shanghai Poly Real Estate), successfully issued the first tranche of corporate bonds due in 2025 to professional investors on March 6, 2025. The size of the first tranche of corporate bonds due in 2025 is RMB 1.5 billion, with a maturity of 3+2 years and a coupon rate of 2.66%. The proceeds from the issuance of the first tranche of corporate bonds due in 2025 will be used to replace the redemption of the principal of the repurchased corporate bonds with the company's own funds.