By William Gullotti
Buffalo, N.Y., Aug. 18 – China Galaxy Securities Co., Ltd. issued RMB 5 billion of corporate bonds in two parts, according to a regulatory announcement on Friday.
The company sold RMB 2 billion of 2.66% three-year bonds and RMB 3 billion of 2.98% five-year bonds, each with a par value of RMB 100.
Guosen Securities Co., Ltd. was named as an underwriter in the announcement, having subscribed to the five-year series for a total of RMB 250 million. Other underwriters and their related parties did not participate in the subscription of the bonds.
Proceeds will be used to replenish working capital.
Dubbed the second tranche of corporate bonds, this marks the sixth issuance by China Galaxy in 2023. It is a drawdown from the brokerage’s previously reported July 2022 approval to issue up to RMB 30 billion corporate bonds within 24 months.
The issuer is a Beijing-based brokerage.
| Issuer: | China Galaxy Securities Co., Ltd.
|
| Amount: | RMB 5 billion
|
| Issue: | Corporate bonds, second tranche
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| Underwriter: | Guosen Securities Co., Ltd.
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| Announcement date: | Aug. 18
|
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| Three-year bonds
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| Amount: | RMB 2 billion
|
| Tenor: | Three years
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| Coupon: | 2.66%
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| Price: | Par of RMB 100
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| Yield: | 2.66%
|
|
|
| Five-year bonds
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| Amount: | RMB 3 billion
|
| Tenor: | Five years
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| Coupon: | 2.98%
|
| Price: | Par of RMB 100
|
| Yield: | 2.98%
|
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