New Issue: China Galaxy Securities issues RMB 1.1 billion one-year bonds at par

By Marisa Wong

Madison, Wis., Sept. 2 – China Galaxy Securities Co., Ltd. announced it completed the issuance of RMB 1.1 billion of one-year bonds on Tuesday.

The bonds were priced at par.

This is the company’s second tranche of short-term subordinated bonds for 2014.

Proceeds will be used to supplement liquid capital.

China Galaxy previously said it planned to issue up to RMB 12 billion of short-term subordinated bonds in multiple tranches. The company already issued five tranches in 2013 and one tranche in 2014 with an aggregate principal amount of RMB 5.21 billion.

The company also issued RMB 1.3 billion of 183-day 2014 third-tranche bonds on Tuesday.

The Beijing-based brokerage announced last month that it plans to issue up to RMB 5 billion of corporate bonds in multiple tranches.

Issuer:	China Galaxy Securities Co., Ltd.
Issue:	Short-term subordinate bonds, 2014 second tranche
Amount:	RMB 1.1 billion
Maturity:	One year
Price:	Par of RMB 100
Settlement date:	Sept. 2

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