China Galaxy Securities to offer up to RMB 5 billion corporate bonds

By Marisa Wong

Madison, Wis., Aug. 27 – China Galaxy Securities Co., Ltd. plans to issue up to RMB 5 billion of corporate bonds in China. The China Securities Regulatory Commission recently approved the proposed issuance, according to a company announcement on Wednesday.

The bonds will be offered in multiple tranches, with the nominal amount of the first tranche being no less than 50% of the total amount.

The first tranche will be completed in six months, and the remaining tranches will be completed within 24 months.

China Galaxy is a Beijing-based brokerage.

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