Published on 2/27/2019 in the Prospect News Emerging Markets Daily.
New Issue: China Galaxy prices RMB 3.4 billion of 4.2% three-year notes at par
By Rebecca Melvin
New York, Feb. 27 – China Galaxy Securities Co. Ltd. announced it issued RMB 3.4 billion of 4.2% three-year subordinated bonds at par on Wednesday.
Proceeds from these 2019 second tranche bonds will be used to supplement working capital and repay debt.
The brokerage company is based in Beijing.
| Issuer: | China Galaxy Securities Co., Ltd.
|
| Issue: | Subordinated bonds, 2019 second tranche
|
| Amount: | RMB 3.4 billion
|
| Maturity: | Three years
|
| Coupon: | 4.2%
|
| Price: | Par
|
| Yield: | 4.2%
|
| Settlement date: | Feb. 27
|
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