China Galaxy Securities raises 3 bn yuan in bond issuance

China Galaxy Securities Co. Ltd. announced the completion of its public issuance of the first tranche of 2025 short-term corporate bonds, raising 3 billion yuan. The bonds, with a nominal value and issue price of 100 yuan per unit, have a term of 184 days and a final coupon rate of 1.67%. Proceeds from this issuance will primarily be used to repay the company's matured debts. This issuance aligns with the board's authorization to issue debt financing instruments up to 350% of the latest audited net assets.

Several related parties participated in the bond subscription. Dacheng Fund Management Co. Ltd. subscribed for and was allocated 20 million yuan. CIB Fund Management Co. Ltd., a related party of lead underwriter China Merchants Securities Co. Ltd., subscribed for 300 million yuan. Additionally, China CITIC Bank Corporation Limited, a related party of lead underwriter CSC Financial Co. Ltd., was allocated 500 million yuan.

The subscription quotations and procedures for the bonds complied with relevant laws and regulations. No directors, senior management, shareholders with over 5% stake, or other related parties participated in the subscription for these bonds. The total nominal value balance approved for public issuance of short-term corporate bonds to professional investors does not exceed 15 billion yuan.