By Mary-Katherine Stinson
Lexington, Ky., Sept. 14 – China Galaxy Securities Co., Ltd. issued RMB 5 billion of bonds in three parts with tenors of three years, five years and 10 years, according to a notice.
The final issue size of the three-year corporate bonds is RMB 3 billion with a final coupon rate of 2.95%, the final issue size of the five-year bonds is RMB 1 billion with a final coupon rate of 3.2% and the final issue size of the 10-year bonds is RMB 1 billion with a final coupon rate of 3.33%.
Guosen Securities Co., Ltd. and Orient Securities Investment Banking Co., Ltd. are the underwriters of the corporate bonds.
China Southern Asset Management Co., Ltd., a related party of Guosen Securities, subscribed for the three-year bonds for RMB 350 million and the 10-year bonds for RMB 50 million. DFZQ, a related party of Orient Securities, subscribed for the three-year bonds for RMB 40 million.
Proceeds from these 2023 third tranche bonds will be used to replenish working capital.
The company obtained approval to issue debt instruments not exceeding 350% of the company’s net capital at the annual general meeting on June 22, 2017. Subsequently, the company received approval from the China Securities Regulatory Commission to publicly issue corporate bonds with a total nominal amount up to RMB 30 billion on July 20, 2022.
The brokerage is based in Beijing.
| Issuer: | China Galaxy Securities Co., Ltd.
|
| Amount: | RMB 5 billion
|
| Issue: | Corporate bonds, 2023 third tranche
|
| Underwriters: | Guosen Securities Co., Ltd. and Orient Securities Investment Banking Co., Ltd.
|
| Settlement date: | Sept. 14
|
|
|
| Three-year bonds
|
| Amount: | RMB 3 billion
|
| Maturity: | 2026
|
| Coupon: | 2.95%
|
| Price: | Par of RMB 100
|
| Yield: | 2.95%
|
|
|
| Five-year bonds
|
| Amount: | RMB 1 billion
|
| Maturity: | 2028
|
| Coupon: | 3.2%
|
| Price: | Par of RMB 100
|
| Yield: | 3.2%
|
|
|
| 10-year bonds
|
| Amount: | RMB 1 billion
|
| Maturity: | 2033
|
| Coupon: | 3.33%
|
| Price: | Par of RMB 100
|
| Yield: | 3.33%
|
|
|
© 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.
