China Galaxy Securities issues short-term bonds, redeems financing bills

China Galaxy Securities Co. Ltd. successfully completed the issuance of its 2025 first tranche of short-term corporate bonds to professional investors on November 17, 2025. The bonds, approved for issuance by the China Securities Regulatory Commission, had an actual issuance size of RMB 3 bn, a term of 184 days, and a final coupon rate of 1.67%, with a subscription multiple of 3.86 times. Related party subscriptions included RMB 0.2 bn from Great Wall Fund Management Co. Ltd., and RMB 3 bn from Everbright Fund Management Co. Ltd. (an affiliate of lead underwriter China Merchants Securities Co. Ltd.), and RMB 5 bn from China CITIC Bank Co. Ltd. (an affiliate of lead underwriter CITIC Securities Co. Ltd.), all compliant with regulations.

Separately, the company announced the successful redemption of its 2025 twentieth tranche of short-term financing bills. Issued on August 21, 2025, for RMB 4 bn with a coupon rate of 1.64% and a term of 85 days, these bills were fully repaid on November 14, 2025. The total principal and interest paid amounted to RMB 4,015,276,712.33.