By Rebecca Melvin
Concord, N.H., April 21 – China Galaxy Securities Co., Ltd. issued RMB 5 billion of 4.3% perpetual subordinated bonds at par, representing its second tranche of perpetual subordinated bonds this year, according to a notice on Tuesday.
The coupon will reset every five years, and the company will have the option every five years to extend the term for another five years.
Proceeds will be used to replenish working capital or repay debt.
The brokerage is based in Beijing.
| Issuer: | China Galaxy Securities Co., Ltd.
|
| Issue: | Subordinated bonds
|
| Amount: | RMB 5 billion
|
| Tenor: | Perpetual
|
| Coupon: | 4.3%, resets every five years
|
| Price: | Par, RMB 100 per unit
|
| Call: | Every five years
|
| Issuance date: | April 21
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
