Published on 2/12/2018 in the Prospect News Emerging Markets Daily.
New Issue: China Galaxy sells RMB 2.2 billion 5.6%, 5.7% two-, three-year bonds
By Marisa Wong
Morgantown, W.Va., Feb. 12 – China Galaxy Securities Co., Ltd. said it issued RMB 2.2 billion of corporate bonds on Monday.
The company sold RMB 1.2 billion of 5.6% two-year bonds and RMB 1 billion of 5.7% three-year bonds.
Proceeds will be used to supplement working capital.
This is the Beijing-based brokerage’s second tranche of corporate bonds for 2018. The company sold RMB 5 billion of bonds in January.
Issuer: | China Galaxy Securities Co., Ltd.
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Issue: | Corporate bonds, 2018 second tranche
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Amount: | RMB 2.2 billion
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Settlement date: | Feb. 12
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Two-year bonds
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Amount: | RMB 1.2 billion
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Maturity: | Two years
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Coupon: | 5.6%
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Three-year bonds
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Amount: | RMB 1 billion
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Maturity: | Three years
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Coupon: | 5.7%
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