By Marisa Wong
Morgantown, W.Va., Oct. 25 – China Galaxy Securities Co., Ltd. said it issued RMB 4 billion of two-year bonds on Monday.
The bonds were priced at par of RMB 100 with a coupon of 3.15%.
This is China Galaxy’s second tranche of corporate bonds for 2016. The company completed its first tranche, totaling RMB 3.5 billion, in September.
Proceeds will be used to supplement working capital.
The brokerage is based in Beijing.
| Issuer: | China Galaxy Securities Co., Ltd.
|
| Issue: | Corporate bonds, 2016 second tranche
|
| Amount: | RMB 4 billion
|
| Maturity: | Two years
|
| Coupon: | 3.15%
|
| Price: | Par of RMB 100
|
| Yield: | 3.15%
|
| Settlement date: | Oct. 24
|
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