China Galaxy gets OK for up to RMB 20 billion subordinated bonds

By William Gullotti

Buffalo, N.Y., Jan. 22 – China Galaxy Securities Co., Ltd. said the China Securities Regulatory Commission has approved its application to issue up to RMB 20 billion of subordinated corporate bonds, according to an announcement Monday.

The bonds would be publicly issued to professional investors and may be offered in tranches within the 24-month period of having obtained regulatory approval.

The brokerage is based in Beijing.

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