China Industrial Securities invests USD 30m in bonds

China Industrial Securities International Financial Group Limited (HKEX:6058) announced a discloseable transaction where its indirect wholly-owned subsidiary, CISI Investment, subscribed to bonds issued by YONGDA Investment Limited. The subscriptions occurred on May 27 and May 28, 2025, totaling USD 15 million each day, bringing the total investment to USD 30 million. These bonds, due in 2028 and guaranteed by Shanghai Construction Group, carry a fixed interest rate of 4.60% per annum. The company explained the subscriptions are for investment purposes, aiming to generate stable returns and diversify its investment portfolio. While each individual subscription doesn’t exceed 5% of applicable thresholds requiring full shareholder approval, combined with previous subscriptions, it surpasses the 5% threshold, making it a discloseable transaction under Hong Kong listing rules, requiring only disclosure but not shareholder consent. The bonds are slated for listing on the Stock Exchange for professional investors.