China Great Wall Securities sets 1.79% coupon on inaugural innovation bonds

China Great Wall Securities (SZSE:002939) announced a 1.79% coupon for its first tranche of science and technology innovation corporate bonds, part of a larger planned issuance not exceeding CNY 12 billion. This initial tranche is capped at CNY 500 million and will mature in two years. The offering, targeted at professional investors, is set to commence between May 12-13, 2025, with the final coupon determined after a book-building exercise conducted on May 9, 2025. These bonds are issued as part of a strategic move to fund investments and pay off debts to promote technological advancement.