Singapore’s Global Logistics Properties (GLP) (GLPL.SI) said on Monday it plans to offer up to 3 billion yuan ($569 million)in fixed rate notes under its medium term note programme.
“The exponential growth in the off-shore renminbi market has provided us with an opportunity to tap an additional capital pool with growing significance in the region to enhance our financial flexibility,” said Jeffrey Schwartz, GLP's deputy chairman.
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