China Galaxy Securities to redeem "20 Galaxy Y1" bonds, repays short-term financing

China Galaxy Securities (SSE:601881) has issued a second reminder regarding its decision to exercise the issuer's redemption option for "20 Galaxy Y1" perpetual subordinated bonds. As per the prospectus, the company holds the right to redeem the "20 Galaxy Y1" bonds at face value plus accrued interest on the fifth and subsequent interest payment dates. The company previously disclosed its intention to exercise the redemption option and fully repay the bonds on October 14, 2025. These bonds were initially issued on November 24, 2020.

Concurrently, China Galaxy Securities announced the successful repayment of its 2025 ninth-tranche short-term financing bills. These bills, issued on May 19, 2025, had an issuance amount of RMB 3 billion, a coupon rate of 1.63%, and a 150-day term. The company fully repaid the principal and interest, totaling RMB 3,020,095,890.41, on October 16, 2025.

Both announcements, dated October 18, 2025, highlight China Galaxy Securities' active management of its debt obligations. The company will proceed with further information disclosure and principal and interest repayment work for the "20 Galaxy Y1" bonds in accordance with relevant business rules.