GF Securities completes CNY3.3bn bond offering

GF Securities Co., Ltd. (GF Securities) has announced the successful completion of its second-phase offering of corporate bonds to professional investors for 2025, raising a total of ¥3.3 billion. The offering, approved by the China Securities Regulatory Commission, featured a single tranche with a 3-year term and a coupon rate of 2.10%. The initial tranche was 1.63 times oversubscribed. The second tranche went unissued. Orient Securities Co., Ltd., one of the underwriters, took up ¥20 million of the bond. The company affirmed that all participating investors met the eligibility criteria outlined in relevant regulations, including measures regarding suitability management.