Poly Property Subsidiary Raises RMB1.5 Billion in 2026 Bond Issue

An update from Poly Property Group Co ( (HK:0119) ) is now available.

Poly Property Group’s wholly owned mainland subsidiary, Shanghai Poly Property, has issued the first tranche of its 2026 corporate bonds in China, raising RMB1.5 billion. The bonds carry a 3+2 year structure and an annual coupon of 2.53%, reflecting the company’s continued access to relatively low-cost onshore funding.

Proceeds from the bond sale will be used to replenish internal funds that were previously deployed to repay other debt financing instruments, effectively refinancing existing obligations rather than funding new projects. The company cautioned investors that bond documentation on the Shanghai Stock Exchange relates solely to the subsidiary and does not present a complete picture of the wider group’s operations or financial condition.

More about Poly Property Group Co

Poly Property Group Co., Limited is a Hong Kong-incorporated property developer operating through subsidiaries in mainland China. The group focuses on real estate development and related investment activities, with funding often raised in onshore bond markets to support its capital structure and debt management.

YTD Price Performance: -2.00%

Average Trading Volume: 19,013,778

Technical Sentiment Signal: Buy

Current Market Cap: HK$7.49B

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