By Marisa Wong
Morgantown, W.Va., Sept. 19 – China Galaxy Securities Co., Ltd. issued RMB 4 billion of 4.69% three-year corporate bonds on Monday, according to a company announcement.
The total issue size includes a base issue of RMB 3 billion and a fully exercised over-allotment option for RMB 1 billion.
The coupon was expected to be between 4% and 5%. The final rate was 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.
| Issuer: | China Galaxy Securities Co., Ltd.
|
| Issue: | Corporate bonds
|
| Amount: | RMB 4 billion (including RMB 1 billion from greenshoe)
|
| Maturity: | Three years
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| Underwriter: | Industrial Securities Co., Ltd.
|
| Coupon: | 4.69%
|
| Offer period: | Sept. 15-Sept. 18
|
| Settlement date: | Sept. 18
|
| Price talk: | 4%-5%
|
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