Published on 10/23/2017 in the Prospect News Emerging Markets Daily.
New Issue: China Galaxy Securities sells RMB 4 billion 5.03% two-year bonds
By Marisa Wong
Morgantown, W.Va., Oct. 23 – China Galaxy Securities Co., Ltd. said it issued RMB 4 billion of 5.03% two-year bonds on Friday.
The two-year bonds were issued alongside RMB 1 billion of 4.77% nine-month bonds. The RMB 5 billion total of 2017 fifth tranche bonds were priced at par.
Proceeds will be used to supplement working capital.
The brokerage is based in Beijing.
| Issuer: | China Galaxy Securities Co., Ltd.
|
| Issue: | Corporate bonds, 2017 fifth tranche
|
| Amount: | RMB 5 billion
|
| Maturity: | Two years for RMB 4 billion, nine months for RMB 1 billion
|
| Coupon: | 5.03% for two-year bonds, 4.77% for nine-month bonds
|
| Price: | Par of RMB 100
|
| Yield: | 5.03% for two-year bonds, 4.77% for nine-month bonds
|
| Settlement date: | Oct. 20
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
