China Galaxy Securities completes RMB1.6 bn corporate bond issuance

China Galaxy Securities Co., Ltd. announced the completion of its public issuance of 2024 corporate bonds (first tranche) (type 2) to professional investors on September 1, 2025. The offering successfully raised RMB1.6 billion, with an issue price of RMB102.945 per unit and a coupon rate of 2.25%. These five-year bonds commenced on October 17, 2024, and the proceeds will be utilized for repaying matured corporate bonds and replenishing the company's working capital.

The issuance was executed under the authorization granted by shareholders, allowing the board to issue debt financing instruments up to 350% of the company's latest audited net assets. This issuance is part of a larger approval from the China Securities Regulatory Commission for public issuance of corporate bonds not exceeding RMB20 billion to professional investors.

Several underwriters and their related parties participated in the subscription, including Guosen Securities Co., Ltd., China Southern Asset Management Co., Ltd., and China Resources SZITIC Trust Co., Ltd., allocating RMB50 million, RMB90 million, and RMB50 million respectively. No directors, supervisors, senior management, or shareholders with more than 5% ownership participated in the subscription.