By Marisa Wong
Madison, Wis., Oct. 30 – China Galaxy Securities Co., Ltd. announced it completed the issuance of RMB 4 billion of three-year bonds on Thursday.
The bonds were priced at par.
At the end of the first year, the company may call the bonds or increase the coupon rate. The bonds are also putable.
This is the company’s sixth tranche of subordinate bonds for 2014.
Proceeds will be used to supplement working capital.
The brokerage is based in Beijing.
| Issuer: | China Galaxy Securities Co., Ltd.
|
| Issue: | Long-term subordinate bonds, 2014 sixth tranche
|
| Amount: | RMB 4 billion
|
| Maturity: | Three years
|
| Price: | Par of RMB 100
|
| Settlement date: | Oct. 30
|
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