China Galaxy Securities raises RMB5bn in corporate bond issuance

China Galaxy Securities Co. announced the completion of its non-public issuance of 2025 corporate bonds (third tranche) on November 19, 2025. The issuance raised RMB5bn, comprising two types of bonds: two-year corporate bonds and three-year corporate bonds. The two-year bonds had a final issue size of RMB3.7bn with a coupon rate of 1.92%, while the three-year bonds totaled RMB1.3bn at a coupon rate of 1.97%. Proceeds from this issuance will be used to repay the principal of the company's matured corporate bonds.

Several underwriters and their related parties participated in the subscription. Guosen Securities Co. was allocated RMB10m of two-year bonds and RMB50m of three-year bonds. Its related party, China Southern Asset Management Co., received RMB120m of two-year bonds and RMB60m of three-year bonds.

Additionally, CITIC Trust Co. and CSC Financial Co., related parties of CITIC Securities Company, were allocated RMB560m of two-year bonds and RMB40m of three-year bonds. Fullgoal Fund Management Co., a related party of Shenwan Hongyuan Securities Co., was allocated RMB100m of two-year bonds and RMB50m of three-year bonds. Other underwriters and their related parties, along with the company's directors, senior management, and major shareholders, did not participate in the subscription.