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China Galaxy offers up to RMB 5 billion three-year bonds at 4%-5%
By Marisa Wong
Morgantown, W.Va., July 5 – China Galaxy Securities Co., Ltd. said it will issue RMB 3 billion of three-year corporate bonds (Dagong: AAA) July 10 to July 11. The offering includes an up to RMB 2 billion over-allotment option.
The bonds will be sold at par with affixed coupon of 4% to 5%. The final coupon will be determined through an offline book-building.
The lead underwriter is Industrial Securities Co., Ltd.
Proceeds will be used to replenish working capital.
The brokerage is based in Beijing.
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