China Galaxy Securities completes RMB2bn corporate bond issuance

China Galaxy Securities Co., Ltd. announced the completion of its RMB2 billion non-public issuance of 2025 corporate bonds (second tranche) to professional investors on October 16, 2025. The issuance, approved by the Shanghai Stock Exchange, consists of two types of bonds: a 13-month tranche and a 25-month tranche, both priced at RMB100 per unit.

The 13-month corporate bonds amounted to RMB1 billion with a final coupon rate of 1.84%, while the 25-month corporate bonds also totaled RMB1 billion at a final coupon rate of 2.05%. The proceeds are earmarked for supplementing the company’s working capital and repaying matured corporate bonds.

Several underwriters and their related parties participated in the subscription. China Southern Asset Management Co., Ltd. was allocated RMB50 million of the 25-month bonds. Related parties of CITIC Securities Company Limited collectively secured RMB530 million across the 25-month tranche. Shenwan Hongyuan Securities Co., Ltd. was allocated RMB90 million of the 25-month bonds, and its related party, Fullgoal Fund Management Co., Ltd., received RMB40 million of the 13-month bonds and RMB170 million of the 25-month bonds.