Published on 5/2/2017 in the Prospect News Emerging Markets Daily.
New Issue: China Galaxy sells RMB 9.35 billion 4.95%, 4.99% two-, three-year bonds
By Marisa Wong
Morgantown, W.Va., May 2 – China Galaxy Securities Co., Ltd. said it issued RMB 9.35 billion of corporate bonds on April 28.
The company sold RMB 4.63 billion of 4.95% two-year bonds and RMB 4.72 billion of 4.99% three-year bonds.
Proceeds will be used to supplement working capital.
This is the Beijing-based brokerage’s third tranche of corporate bonds for 2017.
| Issuer: | China Galaxy Securities Co., Ltd.
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| Issue: | Corporate bonds, 2017 third tranche
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| Amount: | RMB 9.35 billion
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| Maturity: | Two years for RMB 4.63 billion, three years for RMB 4.72 billion
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| Coupon: | 4.95% for two-year bonds, 4.99% for three-year bonds
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| Settlement date: | April 28
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