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Published on 1/18/2024 in the Prospect News Emerging Markets Daily.

New Issue: China Galaxy issues RMB 5 billion 2.84% three-year bonds

By Wendy Van Sickle

Columbus, Ohio, Jan. 18 – China Galaxy Securities Co., Ltd. completed the issuance of RMB 5 billion 2.84% three-year corporate bonds on Thursday, according to a notice.

The bonds were China Galaxy’s first tranche of corporate bonds priced this year.

CSC Financial Co., Ltd. was an underwriter.

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:Three years
Underwriter:CSC Financial Co., Ltd.
Coupon:2.84%
Price:Par of RMB 100
Issue date:Jan. 18

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