New Issue: China Galaxy Securities sells RMB 500 million one-year bonds at par

By Marisa Wong

Madison, Wis., Oct. 31 - China Galaxy Securities Co. Ltd. said it completed the issue of RMB 500 million of one-year subordinated bonds on Thursday.

The bonds were issued at par.

This is China Galaxy's fifth tranche of short-term subordinated bonds.

The company previously announced that it planned to issue up to RMB 12 billion of short-term subordinated bonds. The first tranche, RMB 500 million of 90-day bonds, settled on Aug. 15; the second tranche, RMB 1 billion of one-year bonds, settled on Sept. 10; the third tranche, RMB 2.5 billion of one-year bonds, settled on Sept. 11; and the fourth tranche, RMB 200 million of 90-day bonds, also settled on Sept. 11.

The Beijing-based brokerage will use proceeds from the fifth tranche to supplement its liquid capital.

Issuer:	China Galaxy Securities Co. Ltd.
Issue:	Short-term subordinated bonds, fifth tranche
Amount:	RMB 500 million
Maturity:	One year
Price:	Par
Settlement date:	Oct. 31

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