Published on 3/11/2019 in the Prospect News Emerging Markets Daily.
New Issue: China Galaxy sells RMB 6.6 billion two-, three-year bonds at 4.1%, 4¼%
By Marisa Wong
Morgantown, W.Va., March 11 – China Galaxy Securities Co. Ltd. announced it issued RMB 6.6 billion of subordinated bonds on Monday.
Specifically, the company priced RMB 3.2 billion of 4.1% two-year bonds and RMB 3.4 billion of 4¼% three-year bonds at par.
Proceeds from these 2019 third 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 third tranche
|
| Amount: | RMB 6.6 billion
|
| Settlement date: | March 11
|
|
|
| Two-year bonds
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| Amount: | RMB 3.2 billion
|
| Maturity: | Two years
|
| Coupon: | 4.1%
|
| Price: | Par
|
| Yield: | 4.1%
|
|
|
| Three-year bonds
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| Amount: | RMB 3.4 billion
|
| Maturity: | Three years
|
| Coupon: | 4¼%
|
| Price: | Par
|
| Yield: | 4¼%
|
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