New Issue: China Galaxy issues RMB 5 billion 3.08% five-year bonds

By William Gullotti

Buffalo, N.Y., Aug. 11 – China Galaxy Securities Co., Ltd. completed the issuance of RMB 5 billion 3.08% five-year corporate bonds, according to an announcement on Thursday.

The bonds are China Galaxy’s second tranche of corporate bonds issued this year and are part of its 24-month authorization to issue up to RMB 30 billion of corporate bonds from July 20, 2022.

CSC Financial Co., Ltd. and China Resources Szitic Trust Co., Ltd. were named as participating underwriters, subscribing to the offering in an amount of RMB 74 million.

The announcement indicated the deal involved other underwriters, with none of the aforementioned unnamed parties as participating subscribers.

Proceeds will be used to replenish working capital.

The brokerage is based in Beijing.

Issuer:	China Galaxy Securities Co., Ltd.
Amount:	RMB 5 billion
Issue:	Corporate bonds
Tenor:	Five years
Bookrunners:	CSC Financial Co., Ltd. and China Resources Szitic Trust Co., Ltd.
Coupon:	3.08%
Price:	Par of RMB 100
Yield:	3.08%
Issue date:	Aug. 11

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