By Sarah Lizee
Olympia, Wash., April 19 – China Galaxy Securities Co., Ltd. said it issued RMB 4 billion of subordinated bonds on Thursday.
The company sold RMB 800 million of 5.2% two-year bonds and RMB 3.2 billion of 5.3% three-year bonds.
Proceeds will be used to supplement working capital.
This is the Beijing-based brokerage’s first tranche of subordinated bonds for 2018.
| Issuer: | China Galaxy Securities Co., Ltd.
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| Issue: | Subordinated bonds
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| Amount: | RMB 4 billion
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| Settlement date: | April 19
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| Two-year bonds
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| Amount: | RMB 800 million
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| Maturity: | Two years
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| Coupon: | 5.2%
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| Three-year bonds
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| Amount: | RMB 3.2 billion
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| Maturity: | Three years
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| Coupon: | 5.3%
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