January 5, 2018 / 1:14 AM / 8 months ago

BRIEF-Global Logistic Properties Says GLP China Received Approval From CSRC To Issue B&R Bonds

Jan 5 (Reuters) - Global Logistic Properties Ltd:

* GLP APPROVED AS THE FIRST BELT & ROAD BOND ISSUER IN CHINA

* GLP CHINA RECEIVED APPROVAL FROM CSRC TO ISSUE UP TO RMB12 BILLION OF RMB-DENOMINATED B&R BONDS ON SHENZHEN STOCK EXCHANGE

* ‍PROCEEDS TO BE USED TO REPAY EXISTING DEBT RELATED TO FINANCING OF GLP’S RECENT ACQUISITION OF LOGISTICS ASSETS IN EUROPE​

* GLP CHINA PLANS TO ISSUE B&R BONDS IN MULTIPLE TRANCHES, DEPENDING ON GLP’S FINANCING NEEDS, MARKET CONDITIONS Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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