TCL Technology Group (SHE:000100) will raise 2 billion yuan via two tranches of corporate bonds, according to a Thursday after-hours filing with the Shenzhen bourse.
The two tranches have a size of 1 billion yuan each, the appliance maker said.
The first tranche has a term of three years with a rate of 1.85% and an oversubscription rate of 2.9 times, while the second tranche has a coupon rate of 2.1% and was oversubscribed 1.2 times.
The bonds form part of a 10 billion yuan bond program.
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