By Marisa Wong
Madison, Wis., Dec. 29 – China Galaxy Securities Co., Ltd. announced it issued a total of RMB 6 billion of one-year bonds on Dec. 26.
The 6˝% bonds were priced at par.
This was the company’s first tranche of short-term corporate bonds for 2014.
Proceeds will be used to supplement working capital.
China Galaxy said it plans to issue RMB 12.6 billion of short-term corporate bonds within one year.
The brokerage is based in Beijing.
| Issuer: | China Galaxy Securities Co., Ltd.
|
| Issue: | Short-term corporate bonds, 2014 first tranche
|
| Amount: | RMB 6 billion
|
| Maturity: | One year
|
| Coupon: | 6˝%
|
| Price: | Par of RMB 100
|
| Yield: | 6˝%
|
| Settlement date: | Dec. 26
|
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