Published on 1/17/2018 in the Prospect News Emerging Markets Daily.
New Issue: China Galaxy sells RMB 5 billion 5.55%, 5.65% two-, three-year bonds
By Marisa Wong
Morgantown, W.Va., Jan. 17 – China Galaxy Securities Co., Ltd. said it issued RMB 5 billion of corporate bonds on Jan. 17.
The company sold RMB 3.5 billion of 5.55% two-year bonds and RMB 1.5 billion of 5.65% three-year bonds.
Proceeds will be used to supplement working capital.
This is the Beijing-based brokerage’s first tranche of corporate bonds for 2018.
| Issuer: | China Galaxy Securities Co., Ltd.
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| Issue: | Corporate bonds, 2018 first tranche
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| Amount: | RMB 5 billion
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| Settlement date: | Jan. 17
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| Two-year bonds
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| Amount: | RMB 3.5 billion
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| Maturity: | Two years
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| Coupon: | 5.55%
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| Three-year bonds
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| Amount: | RMB 1.5 billion
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| Maturity: | Three years
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| Coupon: | 5.65%
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