By William Gullotti
Buffalo, N.Y., Nov. 22 – China Galaxy Securities Co., Ltd. said it issued RMB 6 billion of corporate bonds on in two parts, according to a notice on Monday.
The company sold RMB 2.4 billion of 3.1% two-year bonds and RMB 3.6 billion of 3.35% three-year bonds.
Proceeds will be used to replenish working capital or repay matured debts.
The issuer is a Beijing-based brokerage.
| Issuer: | China Galaxy Securities Co., Ltd.
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| Issue: | Corporate bonds
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| Amount: | RMB 6 billion
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| Settlement date: | Nov. 22
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| Two-year bonds
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| Amount: | RMB 2.4 billion
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| Maturity: | Two years
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| Coupon: | 3.1%
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|
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| Three-year bonds
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| Amount: | RMB 3.6 billion
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| Maturity: | Three years
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| Coupon: | 3.35%
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